FirstEnergy Earnings Preview
Portfolio Pulse from Benzinga Insights
FirstEnergy (NYSE:FE) is scheduled to release its quarterly earnings report on February 8, 2024, with analysts predicting an EPS of $0.59. The company's past earnings performance shows a pattern of beating EPS estimates but experiencing a subsequent drop in share price. Over the last year, FirstEnergy's shares have declined by 9.22%, indicating potential investor concern ahead of the earnings announcement.
February 07, 2024 | 4:02 pm
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NEGATIVE IMPACT
FirstEnergy is anticipated to report an EPS of $0.59 for the upcoming quarter. Historical data reveals a pattern of share price decline following earnings beats, with a 9.22% decrease in stock value over the past year.
Given FirstEnergy's history of share price declines following earnings beats and the overall 9.22% decrease in stock value over the past year, it's likely that the upcoming earnings report could lead to a short-term negative impact on the stock price. This pattern suggests investor skepticism regarding the company's ability to translate earnings beats into positive stock performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100