FirstEnergy (FE) Tops Q2 EPS by 1c, Offers FY Guidance

FirstEnergy (NYSE: FE) reported Q2 EPS of $0.59, $0.01 better than the analyst estimate of $0.58. Revenue for the quarter came in at $2.6 billion versus the consensus estimate of $2.64 billion.

GUIDANCE:

FirstEnergy sees FY2021 EPS of $2.40-$2.60, versus the consensus of $2.51.

• The company updated its full-year 2021 GAAP earnings forecast range to $1,000 million to $1,110 million, or $1.84 to $2.04 per share based on 544 million shares outstanding. It reaffirmed its full-year 2021 operating (non-GAAP) earnings guidance of $2.40 to $2.60 per share, with expectations to be in the top half of that range.

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

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