Will FirstEnergy (FE) Beat Estimates Again in Its Next Earnings Report?

Core Viewpoint - FirstEnergy is positioned well to potentially beat earnings estimates in its upcoming quarterly report, supported by a solid history of exceeding expectations [1][2]. Earnings Performance - FirstEnergy has a track record of surpassing earnings estimates, with an average surprise of 7.83% over the last two quarters [2]. - In the last reported quarter, FirstEnergy achieved earnings of $0.52 per share, exceeding the Zacks Consensus Estimate of $0.50 per share, resulting in a surprise of 4.00% [3]. - In the previous quarter, the company reported earnings of $0.67 per share against an expected $0.60 per share, delivering a surprise of 11.67% [3]. Earnings Estimates and Predictions - Recent estimates for FirstEnergy have been revised upward, indicating a positive outlook for the company's near-term earnings potential [6]. - The Zacks Earnings ESP for FirstEnergy is currently +5.84%, suggesting analysts are optimistic about the company's upcoming earnings report [9]. - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) indicates a strong possibility of another earnings beat [9]. Statistical Insights - Research indicates that stocks with a positive Earnings ESP and a Zacks Rank of 3 or better have a nearly 70% chance of producing a positive surprise [7]. - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions [8].