FirstEnergy Corporation FE is scheduled to release third-quarter 2026 results on Oct. 27, after market close. The company delivered a positive earnings surprise of 2.04% in the last reported quarter.
Let’s discuss the factors that are likely to be reflected in the upcoming quarterly results.
FE’s Q3 Expectations
The Zacks Consensus Estimate for earnings is pegged at 91 cents per share, indicating a year-over-year increase of 9.64%.
The Zacks Consensus Estimate for revenues is pinned at $4.28 billion, implying a 3.29% improvement year over year.
Factors Likely to Have Impacted FE’s Q3 Performance
FirstEnergy’s third-quarter earnings are expected to have benefited from rising electricity demand from data centers and industrial customers. The company’s 4.3 gigawatts of contracted and pipeline data center demand in West Virginia as of July 2026 is expected to have provided opportunities to drive third-quarter revenue and earnings growth.
The company continues to modernize its infrastructure, upgrade the grid and replace aging assets through its Energize365 program. These investments are expected to have supported grid reliability and the company's ability to meet rising electricity demand, contributing to third-quarter performance.
Strong economic activity across FE’s service areas is expected to have supported earnings in the to-be-reported quarter. The company’s expanding customer base and increase in demand are likely to contribute to its third-quarter results.
Higher operation and maintenance expenses, combined with storm restoration costs, are likely to have restrained the company's third-quarter earnings growth.
What Our Quantitative Model Predicts About FE
Our proven model does not conclusively predict an earnings beat for FirstEnergy this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here, as you will see below.
Earnings ESP: The company’s Earnings ESP is -0.73%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Currently, FirstEnergy carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
FirstEnergy Corporation Price and EPS Surprise
FirstEnergy Corporation price-eps-surprise | FirstEnergy Corporation Quote
Stocks to Consider
Investors may consider the following players from the same industry, as these have the right combination of elements to post an earnings beat this reporting cycle.
OGE Energy OGE is scheduled to report third-quarter results on Oct. 28, 2026 and is likely to have an earnings beat. It has an Earnings ESP of +0.79% and a Zacks Rank #2 at present.
OGE’s long-term (three-to-five-year) earnings growth rate is 6.28%. The Zacks Consensus Estimate for third-quarter earnings per share (EPS) is pinned at $1.26, which implies a year-over-year increase of 10.53%.
Alliant Energy LNT is set to report third-quarter results on Oct. 29, 2026 and is likely to have an earnings beat. It has an Earnings ESP of +3.79% and a Zacks Rank #3 at present.
LNT’s long-term earnings growth rate is 6.93%. The Zacks Consensus Estimate for third-quarter EPS is pinned at $1.23, which implies a year-over-year increase of 9.82%.
Evergy EVRG is scheduled to report third-quarter results on Nov. 5, 2026 and is likely to have an earnings beat. It has an Earnings ESP of +4.41% and a Zacks Rank #2 at present.
EVRG’s long-term earnings growth rate is 9.07%. The Zacks Consensus Estimate for third-quarter EPS is pinned at $2.27, which implies a year-over-year increase of 11.82%.
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FirstEnergy Corporation (FE): Free Stock Analysis Report
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Alliant Energy Corporation (LNT): Free Stock Analysis Report
Evergy Inc. (EVRG): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).