FirstEnergy (FE) Tops Q2 Earnings Estimates

Core Viewpoint - FirstEnergy reported quarterly earnings of $0.52 per share, exceeding the Zacks Consensus Estimate of $0.50 per share, but down from $0.56 per share a year ago, indicating a mixed performance in earnings [1][2] Financial Performance - The company posted revenues of $3.38 billion for the quarter ended June 2025, missing the Zacks Consensus Estimate by 1%, compared to $3.28 billion in the same quarter last year [2] - Over the last four quarters, FirstEnergy has surpassed consensus EPS estimates two times and topped consensus revenue estimates just once [2] Stock Performance - FirstEnergy shares have increased by approximately 5.1% since the beginning of the year, while the S&P 500 has gained 8.3% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.76 on revenues of $3.88 billion, and for the current fiscal year, it is $2.53 on revenues of $14.3 billion [7] - The trend of earnings estimate revisions is mixed ahead of the earnings release, which could influence future stock movements [6][5] Industry Context - The Utility - Electric Power industry is currently in the top 30% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact FirstEnergy's stock performance [5]