WEC Energy Group Inc expected to post earnings of $1.42 a share - Earnings Preview

WEC Energy

31/01/2025 14:32

* WEC Energy Group Inc  WEC.N   WEC  is expected to show a
rise in
quarterly revenue when it reports  results on February 4 for the
period ending December 31 2024
    * The Milwaukee Wisconsin-based  company is expected to
report a
18.4% increase in revenue to $2.626 billion from $2.22 billion a
year ago, according to the mean estimate from 5 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for WEC Energy Group Inc is
for
earnings of $1.42 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 11
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for WEC Energy
Group
Inc is $100.80​, above​ its last closing price of $99.45. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2024  0.71        0.70       0.82      Beat    16.8
 Jun. 30 2024  0.64        0.64       0.67      Beat    5.4
 Mar. 31 2024  1.92        1.92       1.97      Beat    2.6​
 Dec. 31 2023  1.08        1.08       1.10      Beat    1.5
 ​​Sep.        0.91        0.91       1.00      Beat    9.8
 30 2023                                                
 Jun. 30 2023  0.85        0.85       0.92      Beat    8.7​
 Mar. 31 2023  1.58        1.59       1.61      Beat    1
 Dec. 31 2022  0.75        0.75       0.80      Beat    7.2
 This summary was machine generated January 31 at 14:32 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)