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Stock impact report

What's in the Cards for FirstEnergy (FE) This Earnings Season? [Yahoo! Finance]

FirstEnergy Corp. (FE) 
Last firstenergy corp. earnings: 4/23 04:20 pm Check Earnings Report
US:NYSE Investor Relations: investors.firstenergycorp.com
Company Research Source: Yahoo! Finance
Let's discuss the factors that are likely to be reflected in the upcoming quarterly results. Factors to Consider FirstEnergy's first-quarter earnings are expected to have benefited from its ongoing “Energize365” initiative, which is focused on installing advanced equipment and technologies that will strengthen and modernize its transmission and distribution infrastructure. In January 2024, FE's first solar site (out of five) went online at Fort Martin Power Station in Maidsville, WV, and a surcharge was levied the same month. This is expected to have boosted the company's earnings in the to-be-reported quarter. During the fourth quarter of 2023, a new distribution base rate increase case became effective in the Maryland service area. This is likely to have positively impacted the first-quarter results. Q1 Expectations The Zacks Consensus Estimate for first-quarter earnings is pegged at 54 cents per share, indicating a year-over-year decrease of 10%. The Zacks Consensus Show less Read more
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