FirstEnergy Corp. (FE), headquartered in Akron, Ohio, generates, transmits, and distributes electricity as well as offers exploration, production, and distribution of natural gas. Valued at $23 billion by market cap, the company owns and operates power generation facilities, including coal-fired, nuclear, hydroelectric, wind, and solar power generating facilities, and provides energy management and other energy-related services. The electric utility giant is expected to announce its fiscal fourth-quarter earnings for 2024 on Thursday, Feb. 13.
Ahead of the event, analysts expect FE to report a profit of $0.71 per share on a diluted basis, up 14.5% from $0.62 per share in the year-ago quarter. The company beat or matched the consensus estimates in three of the last four quarters while missing the forecast on another occasion.
