FirstEnergy Corporation's (NYSE: FE) continuous capital investments to maintain and increase resiliency are likely to strengthen its infrastructure, which will help enhance its performance. Given its growth opportunities, FE makes for a solid investment option in the Utility sector.
Currently, the company carries a Zacks Rank #2 (Buy). Let's look at the factors that are driving the stock.
FE's Growth Projections & Surprise History
The Zacks Consensus Estimate for FE's 2024 earnings per share is pinned at $2.70, which indicates year-over-year growth of 5.5%.
The consensus estimate for 2024 sales is pinned at $13.78 billion, which indicates year-over-year growth of 7.1%.
The company's long-term (three to five years) earnings growth rate is 7%.
FE has a positive earnings surprise history. Its trailing four-quarter earnings surprise is 2.66%, on average.
FE's Dividend Yield
FirstEnergy has been rewarding its shareholders with dividend payments at regular intervals. The company's board of directors ...