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FirstEnergy Corporation’s FE expanding regulated base and improving transmission lines are likely to boost its earnings. Also, FE’s efforts to reduce emission levels are expected to be beneficial in the future.
The Zacks Consensus Estimate for 2021 earnings is pegged at $2.60 per share, indicating growth of 8.8% from the year-ago reported figure. Also, the consensus mark for current-year revenues stands at $11.12 billion, suggesting 3.1% growth from the prior-year reported number. In the past three months, shares of this presently Zacks Rank #3 (Hold) player have gained 13.9%, outperforming the industry’s rise of 4.9%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Three Months Price PerformanceImage Source: Zacks Investment…