FirstEnergy Corp reports results for the quarter ended June 30 - Earnings Summary

• FirstEnergy Corp FE.N reported quarterly adjusted earnings of 52 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 56 cents. The mean expectation of thirteen analysts for the quarter was for earnings of 49 cents per share. Wall Street expected results to range from 46 cents to 53 cents per share.

• Revenue rose 3% to $3.38 billion from a year ago; analysts expected $3.34 billion.

• FirstEnergy Corp's reported EPS for the quarter was 46 cents​.

• The company reported quarterly net income of $268 million.

• FirstEnergy Corp shares had risen by 3.8% this quarter and gained 5.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 6.4% in the last three months.​

• In the last 30 days, six analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 7 "strong buy" or "buy," 10 "hold" and no "sell" or "strong sell." The average consensus recommendation for the electric utilities peer group is "buy."

• Wall Street's median 12-month price target for FirstEnergy Corp is $44.36, about 5.8% above its last closing price of $41.79

This summary was machine generated from LSEG data July 31 at 12:05 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)