NEW YORK (TheStreet) -- FirstEnergy Corp. (FE) is scheduled to release its 2014 third quarter earnings results before the market open on Tuesday, and analysts are expecting the diversified energy company to report an increase in earnings per share and revenue for the most recent quarter.
Analysts have forecast for earnings of 88 cents per share on revenue of $4.12 billion for the latest quarter.
For the 2013 third quarter FirstEnergy reported earnings per share on a GAAP basis of 52 cents and revenue of $4 billion.
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Shares of FirstEnergy are up by 0.03% to $37.35 in late afternoon trading on Monday.
Separately, TheStreet Ratings team rates FIRSTENERGY CORP as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate FIRSTENERGY CORP (FE) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, good cash flow from operations, impressive record of earnings per share growth and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself."