FirstEnergy (NYSE: FE ) is expected to report Q2 earnings on Aug. 7. Here's what Wall Street wants to see.
The 10-second takeaway
Comparing the upcoming quarter with the prior-year quarter, average analyst estimates predict FirstEnergy's revenues will compress -12.7% and EPS will expand 1.6%.
The average estimate for revenue is $3.58 billion. On the bottom line, the average EPS estimate is $0.65.
Last quarter, FirstEnergy chalked up revenue of $4.10 billion. GAAP reported sales were 14% higher than the prior-year quarter's $3.46 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.82. GAAP EPS of $0.73 for Q1 were 387% higher than the prior-year quarter's $0.15 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 53.4%, 120 basis points better than the prior-year quarter. Operating margin was 18.9%, 880 basis points better than the prior-year quarter. Net margin was 7.7%, 620 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $16.50 billion. The average EPS estimate is $3.41.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 370 members out of 391 rating the stock outperform, and 21 members rating it underperform. Among 90 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 84 give FirstEnergy a green thumbs-up, and six give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on FirstEnergy is outperform, with an average price target of $47.10.
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