FirstEnergy Q3 2024 Adj EPS $0.85 Misses $0.90 Estimate, Sales $3.70B Miss $3.91B Estimate
Portfolio Pulse from Benzinga Newsdesk
FirstEnergy reported Q3 2024 earnings of $0.85 per share, missing the analyst estimate of $0.90. Sales were $3.70 billion, below the expected $3.91 billion, but up 6.11% from last year.
October 29, 2024 | 8:22 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
FirstEnergy's Q3 2024 earnings and sales both missed analyst estimates, with EPS at $0.85 and sales at $3.70 billion. Despite the miss, sales increased by 6.11% year-over-year.
The earnings per share and sales figures both missed analyst expectations, which is typically viewed negatively by investors. However, the year-over-year sales growth of 6.11% provides a slight positive aspect. Overall, the market is likely to react negatively in the short term due to the earnings miss.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100