FirstEnergy Corp. (NYSE:FE) is set to reports 4Q2015 and full-year 2015 earnings on Feb. 15, 2016. A number of analysts have weighed in on what investors can expect from the company in the upcoming report. On the average, Wall Street expects the company to post 4Q2015 EPS of $0.58 and fiscal 2015 EPS of $2.81.
Here is how individual equity rating firms are predicting FirstEnergy’s upcoming report.
KeyBanc looking for EPS of $0.59
While the consensus estimate calls for EPS of $0.58 for FirstEnergy Corp. (NYSE:FE) in 4Q2015, analysts at KeyBanc are expecting more. Their EPS estimate for the quarter is $0.59. KeyBanc analysts have also weighed in on FirstEnergy’s fiscal 2016, predicting that the company will post EPS of $2.80 for the year.
Jefferies Group expects $2.70 EPS in 2015
Jefferies analysts have updated their estimate for FirstEnergy’s fiscal 2015, expecting EPS of $2.70. The marks a step-down from the earlier EPS estimate of $2.75 for the year.
Jefferies has a BUY rating and 12-month price target of $35 on the stock of FirstEnergy.
FirstEnergy Corp. (NYSE:FE)’s last quarterly report was on October 29, 2015. The company posted EPS of $0.98 in the quarter, exceeding the consensus estimate of $0.88. Revenue of $4.10 billion in the last quarter also compared favorably with the consensus estimate of $3.99 billion.
Heading into the 4Q2015 earnings, it is worth noting that a number of rating firms have recently interfered with their price targets for FirstEnergy Corp. (NYSE:FE). BMO Capital Markets analysts trimmed its price target for the stock to $35 from $36. On their part, Deutsche Bank analysts reduced its price target for the stock to $37 from $39.
However, Zacks and Guggenheim appear to be more optimistic about the FirstEnergy Corp. (NYSE:FE). Zacks upgraded the stock to a BUY from HOLD and Guggenheim upgrading it to a BUY from NEUTRAL.