UPDATE: FirstEnergy (FE) Tops Q1 EPS by 1c, Offers Q2 and FY Guidance

FirstEnergy (NYSE: FE) reported Q1 EPS of $0.69, $0.01 better than the analyst estimate of $0.68. Revenue for the quarter came in at $2.7 billion versus the consensus estimate of $2.94 billion.

Guidance:

For the second quarter of 2021, FirstEnergy is providing a GAAP and operating (non-GAAP) earnings forecast range of $260 million to $315 million, or $0.48 to $0.58 per share based on 544 million shares outstanding.

(Consensus sees Q2 EPS of $0.56 on revenue of $2.62 billion. )

In addition, FirstEnergy is updating its full-year 2021 GAAP earnings forecast range to $1,270 million to $1,380 million, or $2.33 to $2.53 per share based on 544 million shares outstanding. The company is affirming its full-year 2021 operating (non-GAAP) earnings guidance of $2.40 to $2.60 per share.

(Consensus sees FY EPS of $0.2.51 on revenue of $11.56 billion. )

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

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