NYSE$FE

FirstEnergy Corp · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

FirstEnergy reported a GAAP loss and operating earnings per share increased year over year.

FirstEnergy reported a GAAP loss of $(111) million, or $(0.20) per share, on revenue of $2.7 billion for the fourth quarter of 2019. However, operating (non-GAAP) earnings increased to $0.55 per share, compared to $0.50 per share in the fourth quarter of 2018. The company affirms 2020 guidance and long-term growth projections.

  • FirstEnergy reported a GAAP loss of $(111) million, or $(0.20) per share, for Q4 2019.
  • Q4 2019 revenue was $2.7 billion, consistent with Q4 2018.
  • Operating (non-GAAP) earnings for Q4 2019 were $0.55 per share, up from $0.50 per share in Q4 2018.
  • The company is affirming its long-term growth rate projections.

Headline financials

Total Revenue

$2.67B

Previous: $2.71B-1.4%
EPS (adj)

$0.55

Previous: $0.50+10.0%
Net Income

-$111M

Previous: $128M-186.7%
Operating Income

$615M

Previous: $512M+20.1%
Gross Profit

$1.82B

Previous: $1.86B-2.1%
Cash & Equivalents

$627M

Previous: $367M+70.8%
Total Assets

$42.3B

Previous: $40.1B+5.6%

Revenue & EPS history

FirstEnergy · Revenue · Quarterly

$2.67B

Q4 2019-1.4%vs Q4 2018
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Revenue by segment

FirstEnergy · $2.7B total across 1 segment · Q4 2021

  • Distribution
    $2.7B

Forward guidance

FirstEnergy is updating its full-year GAAP earnings forecast range to $900 million to $1.41 billion, or $1.66 to $2.60 per share, based on 542 million shares. The company is affirming its full-year operating (non-GAAP) guidance of $2.40 to $2.60 per share. For the first quarter of 2020, FirstEnergy is providing a GAAP forecast ranging from a loss of $(75) million to earnings of $380 million, or $(0.14) to $0.70 per share based on 542 million shares outstanding. The company is also introducing operating (non-GAAP) guidance of $0.60 to $0.70 per share for the period.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2019

Historical avgQ4 2019

+0.0%

Avg return

Earnings day

+0.1%

Avg return

5 days after

+0.1%

Avg return

30 days after

53%

39 / 73 earnings

Positive

+8.8%

Q2 2020

Best reaction

-10.5%

Q4 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.5%-5.6%-6.4%
Q4 2025+1.6%+5.1%+7.3%
Q3 2025-1.6%-2.4%-0.8%
Q1 2025-0.7%+1.2%-1.1%
Q4 2024-10.5%-8.8%-6.9%
Q3 2024-3.5%-4.5%-2.4%
Q2 2024+0.9%+2.8%+5.0%
Q1 2024-0.4%+0.1%+1.7%
Q4 2023+4.1%+3.1%+6.3%
Q3 2023-1.8%-0.4%+5.3%
Q2 2023-2.0%-7.8%-8.4%
Q1 2023-2.2%-4.7%-9.8%
Q4 2022+0.7%+2.8%-0.5%
Q3 2022-1.4%+3.3%+7.1%
Q2 2022+1.8%+6.4%+6.0%
Q1 2022-5.1%-7.2%-12.6%
Q4 2021-1.5%-4.2%+4.2%
Q3 2021+2.5%+4.5%+0.9%
Q2 2021+2.5%+3.5%+4.1%
Q1 2021-0.2%+0.2%+3.3%
Q4 2020+6.5%+8.9%+10.9%
Q3 2020+1.3%-2.2%-8.1%
Q2 2020+8.8%+7.6%+3.8%
Q1 2020-4.3%-3.6%-8.1%
Q4 2019+0.2%+0.4%-9.3%
Q3 2019-2.2%-3.7%-0.4%
Q2 2019+0.0%+1.1%+4.8%
Q1 2019+0.7%+2.2%+6.3%
Q4 2018+0.0%+2.9%+4.2%
Q3 2018-5.2%-3.8%-3.1%
Q2 2018+4.5%+4.7%+7.1%
Q1 2018-0.4%-0.4%-1.7%
Q4 2017-0.8%+2.3%+4.3%
Q3 2017+1.4%+3.5%+6.6%
Q2 2017+3.4%+2.7%+5.1%
Q1 2017-1.9%-4.9%-5.2%
Q4 2016-0.7%+4.2%+0.6%
Q3 2016+3.4%+0.6%-8.2%
Q2 2016-0.8%-5.4%-8.2%
Q1 2016+4.6%
Q4 2015-1.9%
Q3 2015+1.2%
Q2 2015+4.1%
Q1 2015+2.1%
Q4 2014-3.0%
Q3 2014-0.9%
Q2 2014+1.4%
Q1 2014+1.4%
Q4 2013-2.1%
Q3 2013-0.0%
Q2 2013+3.2%
Q1 2013-1.2%
Q4 2012-4.0%
Q3 2012+0.4%
Q2 2012-7.0%
Q1 2012+0.7%
Q4 2011+1.0%
Q3 2011+1.8%
Q2 2011-3.0%
Q1 2011+0.4%
Q4 2010-2.4%
Q3 2010-2.3%
Q2 2010-1.5%
Q1 2010-5.6%
Q4 2007+2.4%
Q4 2009+2.4%
Q3 2008+2.0%
Q3 2009+2.0%
Q2 2009+0.7%
Q2 2008+0.7%
Q1 2009+2.4%
Q1 2008+2.4%
Q4 2008+2.4%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro