FirstEnergy Q1 2024 Adj EPS $0.55 Misses $0.56 Estimate, Sales $3.287B Beat $3.222B Estimate
Portfolio Pulse from Benzinga Newsdesk
FirstEnergy (NYSE:FE) reported Q1 2024 earnings of $0.55 per share, missing the consensus estimate of $0.56 by 1.79%. Year-over-year, earnings decreased by 8.33% from $0.60 per share. Quarterly sales were $3.287 billion, exceeding estimates of $3.222 billion by 2.01% and marking a 1.73% increase from the previous year.
April 25, 2024 | 8:47 pm
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NEUTRAL IMPACT
FirstEnergy's Q1 2024 earnings per share missed estimates by 1.79%, with a decrease in earnings year-over-year but an increase in sales.
The slight miss in EPS might concern investors, potentially putting short-term pressure on the stock. However, the increase in sales could offset concerns by indicating operational growth. The mixed results lead to a neutral short-term outlook.
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IMPORTANCE 75
RELEVANCE 100