Akron, Ohio-based FirstEnergy Corp. (FE) is a diversified energy company in the utilities sector. With a market cap of $24.6 billion, it provides electricity generation, transmission, and distribution services to approximately 6 million customers across several U.S. states. The company is expected to unveil its fiscal Q3 earnings results after the market closes on Tuesday, Oct. 29.
Prior to the event, analysts anticipate FE to report a profit of $0.90 per share, up 2.3% from $0.88 per share in the year-ago quarter. The company has surpassed Wall Street's bottom-line estimates in the past four quarters. In the last reported quarter, the company met the consensus EPS estimate.
