- FirstEnergy reported adjusted operating EPS of 55c in 1Q, which exceeded estimates, in comparison to last year’s 60c.
- The estimated EPS was 54c, but the reported EPS stood at 44c, a decrease from last year’s 51c.
- The company’s revenue amounted to $3.3 billion, marking a yearly increase of 3.1%, surpassing the estimated $3.18 billion.
- The company’s executive team expressed satisfaction with the 1Q results, attributing strong financial performance to solid execution across all business areas, despite a mild winter.
- Brian X. Tierney, FirstEnergy’s President and CEO, expressed that this quarter’s financial results were above the company’s predicted midpoint.
- Investment opinions on FirstEnergy vary, with 9 buys, 8 holds and 1 sell.
A look at Firstenergy Corp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
FirstEnergy Corp. is a public utility holding company that operates in the energy sector. Based on the Smartkarma Smart Scores, the company shows a promising outlook. With a strong focus on dividends and positive momentum, FirstEnergy Corp. is positioned well for steady growth. While its resilience score lags slightly behind, the company’s overall performance is bolstered by its solid value proposition. Investors may find FirstEnergy Corp. an attractive option for long-term investment, considering its robust dividend and positive growth potential.
Despite facing some challenges in resilience, FirstEnergy Corp. demonstrates strength in key areas such as dividends and momentum. As a player in the energy industry, the company’s strategic positioning and diverse range of services contribute to its favorable outlook. Investors seeking stability and income generation may find FirstEnergy Corp. appealing, given its consistent dividend score and positive growth trajectory. Overall, the company’s performance across different Smart Scores suggests a promising long-term outlook, making it a noteworthy contender in the market.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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