FirstEnergy Shares Up 12.6% Quarterly with Momentum Style Score B
FirstEnergy holds a Momentum Style Score of B and a Zacks Rank #2, with shares up 12.58% over the past quarter and 33.13% in the last year, outpacing the S&P 500. Earnings estimate revisions for the year rose from $2.72 to $2.73 following four upward adjustments and none lower.
1. Momentum Metrics
FirstEnergy holds a Momentum Style Score of B and a Zacks Rank #2, indicating a strong buy recommendation based on positive price momentum and earnings estimate trends.
2. Share Performance
Shares of FirstEnergy rose 2.56% over the past week versus a 3.19% gain in the utility industry and 0.67% over the past month compared with a 2% industry increase. Over the past quarter, the stock gained 12.58% and delivered a 33.13% rise year-over-year, outperforming the S&P 500’s -4.11% quarterly and 32.4% annual returns. Trading volume averaged 4,119,568 shares over the last 20 days.
3. Estimate Revisions
Analysts have issued four upward earnings revisions and none downward for the current fiscal year, lifting the consensus estimate from $2.72 to $2.73 in the past 60 days. For the next fiscal year, two upward revisions and no downgrades further reflect growing analyst confidence in FirstEnergy’s earnings outlook.