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FirstEnergy (FE) to Report Q4 Earnings: What's in Store?
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FirstEnergy Corporation (FE - Free Report) is scheduled to release fourth-quarter 2019 earnings on Feb 7 2020, before market open. The company has a trailing four-quarter positive earnings surprise of 2.87%, on average.
Factors to Consider
FirstEnergy’s customer-focused, long-term infrastructure investment program as well as installed automated reclosing devices to reduce power outages is likely to have made a positive impact on the company’s fourth-quarter performance.
Also, the Energizing the Future plan has improved the company’s reliability, resiliency and security. The plan is expected to have boosted its fourth-quarter earnings.
The Zacks Consensus Estimate for fourth-quarter earnings per share is pegged at 48 cents, which indicates a decline of 4% from the year-ago quarter’s figure. The Zacks Consensus Estimate for fourth-quarter 2019 sales is pegged at $2.74 billion, which suggests an increase of 1.28% from the year-ago quarter’s figure.
What Our Quantitative Model Predicts
Our proven model doesn’t conclusively predict an earnings beat for FirstEnergy this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. That is not the case here as you will see below. You can seethe complete list of today’s Zacks #1 Rank stocks here.
Earnings ESP: The company’s Earnings ESP is -0.35%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Currently, FirstEnergy carries a Zacks Rank #3.
Stocks to Consider
Investors can consider the following players from the same industry that have the right combination of elements to post an earnings beat in the to-be-reported quarter.
Duke Energy Corporation (DUK - Free Report) is slated to release fourth-quarter 2019 results on Feb 20. It has an Earnings ESP of +0.38% and a Zacks Rank #3.
Ameren Corporation (AEE - Free Report) is set to release fourth-quarter 2019 numbers on Feb 13. It has an Earnings ESP of +2.73% and carries a Zacks Rank #3.
CenterPoint Energy, Inc. (CNP - Free Report) is scheduled to release fourth-quarter 2019 results on Feb 27. It has an Earnings ESP of +1.09% and a Zacks Rank #3.
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FirstEnergy (FE) to Report Q4 Earnings: What's in Store?
FirstEnergy Corporation (FE - Free Report) is scheduled to release fourth-quarter 2019 earnings on Feb 7 2020, before market open. The company has a trailing four-quarter positive earnings surprise of 2.87%, on average.
Factors to Consider
FirstEnergy’s customer-focused, long-term infrastructure investment program as well as installed automated reclosing devices to reduce power outages is likely to have made a positive impact on the company’s fourth-quarter performance.
Also, the Energizing the Future plan has improved the company’s reliability, resiliency and security. The plan is expected to have boosted its fourth-quarter earnings.
FirstEnergy Corporation Price and EPS Surprise
FirstEnergy Corporation price-eps-surprise | FirstEnergy Corporation Quote
Q4 Expectations
The Zacks Consensus Estimate for fourth-quarter earnings per share is pegged at 48 cents, which indicates a decline of 4% from the year-ago quarter’s figure. The Zacks Consensus Estimate for fourth-quarter 2019 sales is pegged at $2.74 billion, which suggests an increase of 1.28% from the year-ago quarter’s figure.
What Our Quantitative Model Predicts
Our proven model doesn’t conclusively predict an earnings beat for FirstEnergy this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. That is not the case here as you will see below. You can see the complete list of today’s Zacks #1 Rank stocks here.
Earnings ESP: The company’s Earnings ESP is -0.35%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Currently, FirstEnergy carries a Zacks Rank #3.
Stocks to Consider
Investors can consider the following players from the same industry that have the right combination of elements to post an earnings beat in the to-be-reported quarter.
Duke Energy Corporation (DUK - Free Report) is slated to release fourth-quarter 2019 results on Feb 20. It has an Earnings ESP of +0.38% and a Zacks Rank #3.
Ameren Corporation (AEE - Free Report) is set to release fourth-quarter 2019 numbers on Feb 13. It has an Earnings ESP of +2.73% and carries a Zacks Rank #3.
CenterPoint Energy, Inc. (CNP - Free Report) is scheduled to release fourth-quarter 2019 results on Feb 27. It has an Earnings ESP of +1.09% and a Zacks Rank #3.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
See 8 breakthrough stocks now>>