FirstEnergy (NYSE: FE ) is expected to report Q1 earnings on May 7. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict FirstEnergy's revenues will wither -10.9% and EPS will contract -15.9%.
The average estimate for revenue is $3.66 billion. On the bottom line, the average EPS estimate is $0.69.
Last quarter, FirstEnergy recorded revenue of $3.50 billion. GAAP reported sales were 20% lower than the prior-year quarter's $3.68 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 $0.80. GAAP EPS were -$0.35 for Q4 compared to $0.23 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 63.8%, much better than the prior-year quarter. Operating margin was -13.9%, much worse than the prior-year quarter. Net margin was -5.0%, 770 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $15.70 billion. The average EPS estimate is $3.00.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 360 members out of 386 rating the stock outperform, and 26 members rating it underperform. Among 82 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 75 give FirstEnergy a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on FirstEnergy is hold, with an average price target of $45.16.
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