FirstEnergy YTD Gain of 13.5% Outpaces Utilities Sector; EPS Estimate Up 0.6%
FirstEnergy has gained 13.5% year-to-date, outperforming the Utilities sector average of 11.6% and industry average of 12.2%. Its consensus full-year EPS estimate has risen 0.6% over the past three months while it maintains a Zacks Rank #2 buy rating.
1. Year-to-Date Returns
FirstEnergy's shares have climbed 13.5% since January 1, surpassing the Utilities sector average of 11.6% and the Utility - Electric Power industry average of 12.2% year-to-date.
2. EPS Estimate Revision
The consensus full-year EPS estimate for FirstEnergy has increased by 0.6% over the past three months, reflecting incremental upward analyst revisions to its earnings outlook.
3. Zacks Rank Implications
Maintaining a Zacks Rank #2 (Buy) rating, FirstEnergy is highlighted as a potential outperformer over the next one to three months based on earnings estimate trends.