Akron, Ohio-based FirstEnergy Corp. (FE) engages in the generation, distribution, and transmission of electricity in the United States. The company has a market cap of $28.9 billion and operates through Distribution, Integrated, and Stand-Alone Transmission segments. FE is expected to release its Q1 2026 earnings soon.
Ahead of the event, analysts expect the company’s EPS to be $0.73 on a diluted basis, up 9% from $0.67 in the year-ago quarter. The company has exceeded Wall Street’s EPS estimates in each of its last four quarters.
For fiscal 2026, analysts project the company’s EPS to be $2.72, up 6.7% from $2.55 in fiscal 2025. Moreover, its EPS is expected to rise by roughly 8.1% year over year (YoY) to $2.94 in fiscal 2027.
FE stock has surged 26.9% over the past 52 weeks, outperforming the S&P 500 Index’s ($SPX) 11.9% rise and the State Street Utilities Select Sector SPDR ETF’s (XLU) 17.8% return during the same time frame.
On Feb. 17, FE stock declined 1.5% following the release of its better-than-expected Q4 2025 earnings. The company’s revenue amounted ot $3.8 billion, beating Wall Street estimates. Moreover, its adjusted EPS for the quarter came in at $0.53, also topping the Street’s estimates. The utility company expects full-year earnings in the range of $2.62 to $2.82 per share.
Analysts are somewhat bullish on FE, with the stock having a “Moderate Buy” rating overall. Among the 16 analysts covering the stock, seven are recommending a “Strong Buy,” one suggests a “Moderate Buy,” and eight recommend “Hold” for the stock. FE’s average analyst price target is $52.92, indicating an upside of 5.8% from the current levels.
