NEW YORK (TheStreet) -- Shares of FirstEnergy Corp. (FE - Get Report) are down 1.13% to $36.81 in afternoon trading ahead of the company's fourth quarter earnings report expected after the market close today.
The consensus estimate calls for the Akron, OH-based diversified energy company to report earnings of 76 cents a share on revenue of $3.95 billion.
In the fourth quarter of last year, the company posted earnings of 75 cents a share, above the consensus estimate for earnings of 69 cents a share, according to analysts polled by Thomson Reuters. Revenue totaled $3.65 billion, below analysts' estimates of $4.28 billion.
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In the third quarter of 2014, FirstEnergy's earnings of 89 cents beat estimates for 88 cents. Revenue totaled $3.89 billion, below estimates of $4.12 billion.
The average recommendation of 14 brokers' estimates on the stock is "hold," and the mean price target is $39.18, according to Reuters.
The company is a diversified energy company operating in three segments: regulated distribution, regulated transmission and competitive energy services.
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 some important positives, 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, solid stock price performance, impressive record of earnings per share growth and notable return on equity. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."
You can view the full analysis from the report here: FE Ratings Report