- FirstEnergy’s second quarter adjusted operating EPS matched estimates at 56 cents, up from 47 cents last year.
- Actual EPS for the second quarter was 8 cents, down from 41 cents last year and below the estimate of 60 cents.
- Revenue for the second quarter was $3.3 billion, a 10% increase year-over-year, and slightly above the estimate of $3.28 billion.
- For the third quarter, FirstEnergy forecasts EPS between 85 cents and 95 cents, with the estimate being 91 cents.
- For the full year, the company expects adjusted operating EPS to range from $2.61 to $2.81, matching the estimate of $2.70.
- CEO Brian X. Tierney noted that their financial results align with expectations and reflect the strength of their regulated investment strategies, supported by a transformed balance sheet.
- The company’s capital investment program introduced earlier this year is robust and well-supported.
- Analyst recommendations include 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, a public utility holding company, has received a mixed bag of Smart Scores indicating its long-term outlook. While the company is rated well for its dividend yield and momentum, with scores of 4 each, its value and growth prospects come in at a moderate level of 3. However, the resilience score of 2 suggests some potential vulnerabilities that investors may need to consider. With a diversified portfolio spanning electricity generation, oil and natural gas exploration, and energy services, FirstEnergy Corp’s overall outlook hints at a balance between stability and growth.
FirstEnergy Corp’s Smart Scores highlight a company that offers a solid dividend and shows positive momentum in its operations. However, the slightly lower resilience score advises caution, signaling potential risks that could impact the company’s performance. Despite this, with a strong presence in various energy-related sectors including electricity distribution and natural gas transmission, FirstEnergy Corp seems positioned to navigate through challenges and capitalize on opportunities in the evolving energy 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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