FirstEnergy (FE) Tops Q1 EPS by 3c, Revenues Miss; Offers FY20 EPS Guidance Below Consensus

FirstEnergy (NYSE: FE) reported Q1 EPS of $0.66, $0.03 better than the analyst estimate of $0.63. Revenue for the quarter came in at $2.7 billion versus the consensus estimate of $2.89 billion.

"During this global health crisis, we continue working to provide the safe, reliable energy our customers and communities need, while taking extra steps to keep our employees healthy on the job," said Charles E. Jones, FirstEnergy president and chief executive officer. "While the broad, long-term implications on our economy are still being understood, FirstEnergy is uniquely well-positioned to navigate this environment, and we expect to continue meeting our commitments to our stakeholders."

GUIDANCE:

FirstEnergy sees Q2 2020 EPS of $0.48-$0.58, versus the consensus of $0.57.

FirstEnergy sees FY2020 EPS of $2.40-$2.60, versus the consensus of $2.62.

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

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