Recap: FirstEnergy Q4 Earnings
Portfolio Pulse from Benzinga Insights
FirstEnergy (NYSE:FE) reported Q4 earnings, beating estimated EPS by 5.08% with an actual EPS of $0.62 versus the estimate of $0.59. However, revenue was down $31.00 million from the same period last year. In the previous quarter, the company also beat EPS estimates but experienced a 2.58% drop in share price the following day.
February 08, 2024 | 9:30 pm
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FirstEnergy beat Q4 EPS estimates by 5.08% but saw a decrease in revenue compared to last year. Previous quarters show a pattern of beating EPS estimates but experiencing share price volatility.
While FirstEnergy beat EPS estimates, the decrease in revenue and historical share price drop following earnings beats suggest a neutral short-term impact. Investors may react positively to the earnings beat, but concerns over revenue decline could temper gains.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100