FirstEnergy (FE) Misses Q4 Earnings and Revenue Estimates

Group 1 - FirstEnergy reported quarterly earnings of $0.67 per share, missing the Zacks Consensus Estimate of $0.70 per share, but showing an increase from $0.62 per share a year ago, resulting in an earnings surprise of -4.29% [1] - The company posted revenues of $3.18 billion for the quarter ended December 2024, missing the Zacks Consensus Estimate by 13.52%, and showing a slight increase from $3.15 billion year-over-year [2] - Over the last four quarters, FirstEnergy has surpassed consensus EPS estimates only once and has not beaten consensus revenue estimates during the same period [2] Group 2 - FirstEnergy shares have increased approximately 9.4% since the beginning of the year, outperforming the S&P 500's gain of 1.3% [3] - The company's earnings outlook, including current consensus earnings expectations for upcoming quarters, will be crucial for investors [4] - The trend for estimate revisions for FirstEnergy is currently unfavorable, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] Group 3 - The current consensus EPS estimate for the upcoming quarter is $0.60 on revenues of $3.64 billion, and for the current fiscal year, it is $2.89 on revenues of $15.53 billion [7] - The Utility - Electric Power industry, to which FirstEnergy belongs, is currently ranked in the bottom 49% of over 250 Zacks industries, which may negatively impact stock performance [8]