FirstEnergy (FE) Tops Q4 EPS by 11c, Revenues Miss; Offers 1Q EPS Guidance Below Consensus, FY19 EPS Mid-Point Guidance Above Consensus

FirstEnergy (NYSE: FE) reported Q4 EPS of $0.58, $0.11 better than the analyst estimate of $0.47. Revenue for the quarter came in at $2.7 billion versus the consensus estimate of $2.72 billion.

"We are beginning 2019 with tremendous momentum, following perhaps the most pivotal year in FirstEnergy\'s history," said Charles E. Jones, FirstEnergy president and chief executive officer. "In 2018 we executed on our strategy to become a premier, high-performance, fully regulated utility with a long-term, sustainable growth plan and investment grade credit ratings. Today, we are well positioned to build a brighter future for our shareholders, customers and employees as we continue to invest in our customer-focused growth initiatives."

GUIDANCE:

FirstEnergy sees FY2019 EPS of $2.45-$2.75, versus the consensus of $2.56.

FirstEnergy sees Q1 2019 EPS of $0.60-$0.70, versus the consensus of $0.74.

For earnings history and earnings-related data on FirstEnergy (FE) click here.

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