FirstEnergy Q1 Earnings Announcement Scheduled
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 11 hours ago
0mins
Should l Buy FE?
Source: seekingalpha
- Earnings Announcement Date: FirstEnergy is set to release its Q1 earnings on April 28 after market close, with a consensus EPS estimate of $0.72, reflecting a 7.5% year-over-year increase, which could positively impact the stock price.
- Historical Performance Review: Over the past two years, FirstEnergy has beaten EPS estimates 75% of the time, although it has never surpassed revenue estimates, indicating a stable performance in profitability despite revenue challenges.
- Estimate Revision Dynamics: In the last three months, FirstEnergy's EPS estimates have seen three upward revisions and two downward adjustments, while revenue estimates experienced no upward revisions and one downward revision, reflecting cautious market sentiment regarding the company's future performance.
- Investment Plans: FirstEnergy plans to invest $950 million in grid upgrades in Ohio and Pennsylvania, a strategic move that will enhance its infrastructure and support future growth in electricity demand driven by AI and other technologies.
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Analyst Views on FE
Wall Street analysts forecast FE stock price to fall
10 Analyst Rating
4 Buy
6 Hold
0 Sell
Moderate Buy
Current: 49.410
Low
46.00
Averages
49.25
High
54.00
Current: 49.410
Low
46.00
Averages
49.25
High
54.00
About FE
FirstEnergy Corp. and its subsidiaries are involved in the transmission, distribution, and generation of electricity through its segments: Distribution, Integrated and Stand-Alone Transmission. The Distribution Segment, which consists of the Ohio Companies and FirstEnergy Pennsylvania Electric Company (FE PA), distributes electricity in Ohio and Pennsylvania. The Integrated segment includes the distribution and transmission operations under Jersey Central Power & Light Company (JCP&L), Monongahela Power Company (MP) and The Potomac Edison Company (PE), as well as MP's regulated generation operations. The segment distributes electricity in New Jersey, West Virginia and Maryland, provides transmission infrastructure, and operates over 3,610 megawatts of regulated generation capacity. The Stand-Alone Transmission segment consists of its ownership in FET and KATCo, which includes transmission infrastructure owned and operated by the Transmission Companies and used to transmit electricity.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
FirstEnergy Q1 Earnings Announcement Scheduled
- Earnings Announcement Date: FirstEnergy is set to release its Q1 earnings on April 28 after market close, with a consensus EPS estimate of $0.72, reflecting a 7.5% year-over-year increase, which could positively impact the stock price.
- Historical Performance Review: Over the past two years, FirstEnergy has beaten EPS estimates 75% of the time, although it has never surpassed revenue estimates, indicating a stable performance in profitability despite revenue challenges.
- Estimate Revision Dynamics: In the last three months, FirstEnergy's EPS estimates have seen three upward revisions and two downward adjustments, while revenue estimates experienced no upward revisions and one downward revision, reflecting cautious market sentiment regarding the company's future performance.
- Investment Plans: FirstEnergy plans to invest $950 million in grid upgrades in Ohio and Pennsylvania, a strategic move that will enhance its infrastructure and support future growth in electricity demand driven by AI and other technologies.
See More
FirstEnergy Gives Away Trees in Pennsylvania for Arbor Day
- Community Environmental Initiative: FirstEnergy's event in Pennsylvania involves volunteers giving away over 200 flowering dogwood trees on April 27, aimed at enhancing community environmental awareness and promoting a greener environment.
- Tree Planting Guidance: Residents picking up dogwood trees are advised to plant them at least 20 to 50 feet away from power lines to ensure safety and prevent impacts on the electric system.
- Green Team Mission: West Penn Power's Green Team, composed of employee volunteers, is dedicated to supporting various environmental initiatives with a goal to plant or donate over 26,000 trees this year, having exceeded last year's target by planting over 30,000 trees.
- Commitment to Customers: West Penn Power serves approximately 725,000 customers, emphasizing its commitment to safety, reliability, and operational excellence while continuously promoting sustainable development in the community.
See More
West Penn Power Hosts Tree Giveaway Event
- Tree Giveaway Event: West Penn Power will host a tree giveaway on April 27 in Jeannette, distributing over 200 flowering dogwoods to enhance community environmental quality and raise residents' awareness of sustainability.
- Planting Guidelines: Residents are advised to plant dogwoods at least 20 to 50 feet away from power lines to avoid safety hazards, with detailed guidance provided to ensure the safety and reliability of the electric system.
- Green Team Contributions: The Green Team at West Penn Power, composed of employee volunteers, is committed to various environmental initiatives, aiming to plant or donate over 26,000 trees in 2026, having exceeded last year's goal by planting over 30,000 trees.
- Commitment to Community Service: This event is part of the company's ongoing commitment to environmental stewardship and reflects its partnership with Jeannette Greenspaces, aiming to educate residents on proper tree planting and maintenance to promote sustainability.
See More
U.S. Stocks Near All-Time Highs as Investors Eye Tech Giants' Earnings
- Strong Market Performance: The S&P 500 and Nasdaq Composite indices reached new all-time highs in April, rising over 8% and 13% respectively, indicating robust market resilience despite ongoing geopolitical tensions and AI disruption concerns, reflecting investor confidence in tech stocks.
- Earnings Pressure on Tech Giants: Next week, five of the 'Magnificent Seven' companies will report earnings, with market expectations for them to demonstrate sufficient revenue growth to justify their high AI expenditures; Alphabet, Amazon, Meta, and Microsoft have all seen stock price increases of over 10% this month, highlighting the market's keen interest in their performance.
- Federal Reserve Meeting Impact: This is expected to be Jerome Powell's last meeting as chair, with the market widely anticipating that the Fed will keep interest rates unchanged, although rising oil prices could complicate future monetary policy, necessitating close attention to how this dynamic may affect the market.
- Cautious Investor Sentiment: As the traditional market adage 'Sell in May' approaches, investors remain wary of potential downside risks, particularly in light of poor software stock performance and rising oil prices, which could further dampen market sentiment.
See More
FirstEnergy Announces Three-Year Rate Plan to Enhance Reliability
- Three-Year Rate Plan: FirstEnergy plans to file its first Three-Year Rate Plan (TYRP) with the Public Utilities Commission of Ohio by May 22, 2026, aimed at enhancing the reliability of the electric system through significant upgrades while providing customers with clearer insights into planned work and its impact on bills.
- Cost Transparency: New legislation allows electric utilities to set distribution rates based on a forward-looking three-year plan, which is expected to give customers a clearer understanding of future cost changes, thereby reducing sudden bill increases and enhancing financial predictability.
- Moderated Bill Growth: A typical non-shopping residential customer using about 1,000 kilowatt-hours per month is expected to see monthly bill changes over the three-year period that are lower than the 10-year average U.S. inflation rate of 3.3%, indicating that the TYRP will effectively control cost increases and alleviate customer burdens.
- Reliability Enhancement: The plan emphasizes not only the reliability of the electric system but also supports customer access to assistance and reduced usage, ensuring that bills remain manageable and that customers enjoy more stable electricity service in their daily lives.
See More
FirstEnergy Announces Three-Year Rate Plan to Enhance Reliability and Affordability
- Three-Year Rate Plan: FirstEnergy plans to file its first Three-Year Rate Plan with the Public Utilities Commission of Ohio by May 22, 2026, aiming to enhance the reliability and transparency of the electric system, thereby helping customers understand the reasons behind bill changes.
- Annual Investment Scale: The plan anticipates an average annual investment of $800 million for upgrading electric facilities and technology, along with $83 million annually for tree trimming to reduce outages caused by fallen trees, significantly improving the customer experience.
- Customer Support Measures: The plan will continue existing assistance programs for low-income customers while adding new support measures to help customers use energy more efficiently, ensuring bills remain manageable and predictable.
- Bill Growth Forecast: Over the three-year period, average annual bill increases are projected at 2.2% for Ohio Edison, 2.6% for The Illuminating Company, and 2.8% for Toledo Edison, all below the 10-year average U.S. inflation rate of 3.3%, demonstrating the plan's effectiveness in controlling bill growth.
See More
FirstEnergy Q1 Earnings Announcement Scheduled
- Earnings Announcement Date: FirstEnergy is set to release its Q1 earnings on April 28 after market close, with a consensus EPS estimate of $0.72, reflecting a 7.5% year-over-year increase, which could positively impact the stock price.
- Historical Performance Review: Over the past two years, FirstEnergy has beaten EPS estimates 75% of the time, although it has never surpassed revenue estimates, indicating a stable performance in profitability despite revenue challenges.
- Estimate Revision Dynamics: In the last three months, FirstEnergy's EPS estimates have seen three upward revisions and two downward adjustments, while revenue estimates experienced no upward revisions and one downward revision, reflecting cautious market sentiment regarding the company's future performance.
- Investment Plans: FirstEnergy plans to invest $950 million in grid upgrades in Ohio and Pennsylvania, a strategic move that will enhance its infrastructure and support future growth in electricity demand driven by AI and other technologies.
See More
FirstEnergy Gives Away Trees in Pennsylvania for Arbor Day
- Community Environmental Initiative: FirstEnergy's event in Pennsylvania involves volunteers giving away over 200 flowering dogwood trees on April 27, aimed at enhancing community environmental awareness and promoting a greener environment.
- Tree Planting Guidance: Residents picking up dogwood trees are advised to plant them at least 20 to 50 feet away from power lines to ensure safety and prevent impacts on the electric system.
- Green Team Mission: West Penn Power's Green Team, composed of employee volunteers, is dedicated to supporting various environmental initiatives with a goal to plant or donate over 26,000 trees this year, having exceeded last year's target by planting over 30,000 trees.
- Commitment to Customers: West Penn Power serves approximately 725,000 customers, emphasizing its commitment to safety, reliability, and operational excellence while continuously promoting sustainable development in the community.
See More
West Penn Power Hosts Tree Giveaway Event
- Tree Giveaway Event: West Penn Power will host a tree giveaway on April 27 in Jeannette, distributing over 200 flowering dogwoods to enhance community environmental quality and raise residents' awareness of sustainability.
- Planting Guidelines: Residents are advised to plant dogwoods at least 20 to 50 feet away from power lines to avoid safety hazards, with detailed guidance provided to ensure the safety and reliability of the electric system.
- Green Team Contributions: The Green Team at West Penn Power, composed of employee volunteers, is committed to various environmental initiatives, aiming to plant or donate over 26,000 trees in 2026, having exceeded last year's goal by planting over 30,000 trees.
- Commitment to Community Service: This event is part of the company's ongoing commitment to environmental stewardship and reflects its partnership with Jeannette Greenspaces, aiming to educate residents on proper tree planting and maintenance to promote sustainability.
See More
U.S. Stocks Near All-Time Highs as Investors Eye Tech Giants' Earnings
- Strong Market Performance: The S&P 500 and Nasdaq Composite indices reached new all-time highs in April, rising over 8% and 13% respectively, indicating robust market resilience despite ongoing geopolitical tensions and AI disruption concerns, reflecting investor confidence in tech stocks.
- Earnings Pressure on Tech Giants: Next week, five of the 'Magnificent Seven' companies will report earnings, with market expectations for them to demonstrate sufficient revenue growth to justify their high AI expenditures; Alphabet, Amazon, Meta, and Microsoft have all seen stock price increases of over 10% this month, highlighting the market's keen interest in their performance.
- Federal Reserve Meeting Impact: This is expected to be Jerome Powell's last meeting as chair, with the market widely anticipating that the Fed will keep interest rates unchanged, although rising oil prices could complicate future monetary policy, necessitating close attention to how this dynamic may affect the market.
- Cautious Investor Sentiment: As the traditional market adage 'Sell in May' approaches, investors remain wary of potential downside risks, particularly in light of poor software stock performance and rising oil prices, which could further dampen market sentiment.
See More
FirstEnergy Announces Three-Year Rate Plan to Enhance Reliability
- Three-Year Rate Plan: FirstEnergy plans to file its first Three-Year Rate Plan (TYRP) with the Public Utilities Commission of Ohio by May 22, 2026, aimed at enhancing the reliability of the electric system through significant upgrades while providing customers with clearer insights into planned work and its impact on bills.
- Cost Transparency: New legislation allows electric utilities to set distribution rates based on a forward-looking three-year plan, which is expected to give customers a clearer understanding of future cost changes, thereby reducing sudden bill increases and enhancing financial predictability.
- Moderated Bill Growth: A typical non-shopping residential customer using about 1,000 kilowatt-hours per month is expected to see monthly bill changes over the three-year period that are lower than the 10-year average U.S. inflation rate of 3.3%, indicating that the TYRP will effectively control cost increases and alleviate customer burdens.
- Reliability Enhancement: The plan emphasizes not only the reliability of the electric system but also supports customer access to assistance and reduced usage, ensuring that bills remain manageable and that customers enjoy more stable electricity service in their daily lives.
See More
FirstEnergy Announces Three-Year Rate Plan to Enhance Reliability and Affordability
- Three-Year Rate Plan: FirstEnergy plans to file its first Three-Year Rate Plan with the Public Utilities Commission of Ohio by May 22, 2026, aiming to enhance the reliability and transparency of the electric system, thereby helping customers understand the reasons behind bill changes.
- Annual Investment Scale: The plan anticipates an average annual investment of $800 million for upgrading electric facilities and technology, along with $83 million annually for tree trimming to reduce outages caused by fallen trees, significantly improving the customer experience.
- Customer Support Measures: The plan will continue existing assistance programs for low-income customers while adding new support measures to help customers use energy more efficiently, ensuring bills remain manageable and predictable.
- Bill Growth Forecast: Over the three-year period, average annual bill increases are projected at 2.2% for Ohio Edison, 2.6% for The Illuminating Company, and 2.8% for Toledo Edison, all below the 10-year average U.S. inflation rate of 3.3%, demonstrating the plan's effectiveness in controlling bill growth.
See More
