Key Highlights:
- FirstEnergy (FE, Financial) is anticipated to report a 7.3% increase in EPS for Q1, with predicted earnings of $0.59 per share.
- Analysts project FirstEnergy's revenue at $3.7 billion, maintaining its history of never surpassing revenue expectations.
- With a consensus "Outperform" rating, FirstEnergy's GF Value suggests a potential 3.86% upside.
FirstEnergy's Upcoming Earnings Report
FirstEnergy Corp. (FE) is preparing to announce its first-quarter earnings on April 23rd, following the close of the market. Analysts have set an earnings per share (EPS) target of $0.59, indicating a significant 7.3% increase compared to the same period last year. Revenue forecasts stand at $3.7 billion. Historically, FirstEnergy has exceeded EPS expectations 63% of the time but has yet to surpass revenue predictions, a trend investors will be watching closely.
Analyzing Wall Street's Projections
Wall Street analysts have provided one-year price targets for FirstEnergy Corp., with an average target of $43.26. This includes a high estimate of $47.00 and a low estimate of $39.00. The forecasted average price target suggests a modest upside potential of 2.07% from the current share price of $42.39. For a more in-depth look at these estimates, visit the FirstEnergy Corp (FE, Financial) Forecast page.
Brokerage Recommendations and GF Value
The consensus recommendation, based on evaluations from 18 brokerage firms, positions FirstEnergy Corp. at an average score of 2.5, which translates to an "Outperform" rating. The recommendation scale ranges from 1, indicating a Strong Buy, to 5, signaling a Sell.
Further insights from GuruFocus reveal an estimated GF Value for FirstEnergy Corp. of $44.02 within a year. This estimate implies a potential upside of 3.86% from the current stock price of $42.385, reflecting the company's historical trading multiples, past growth trajectories, and future performance projections. Additional data is available on the FirstEnergy Corp (FE, Financial) Summary page.
For investors, these insights and forecasts provide critical information to assess the potential and make informed decisions regarding FirstEnergy's stock performance in the near term.
