WEC Energy Group Inc expected to post earnings of 70 cents a share - Earnings Preview

WEC Energy

29/10/2024 11:44

* WEC Energy Group Inc  WEC.N   WEC  is expected to show a
fall in
quarterly revenue when it reports  results on October 31 for the
period ending September 30 2024
    * The Milwaukee Wisconsin-based  company is expected to
report a
1.2% decrease in revenue to $1.934 billion from $1.96 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 70 cents per share. The company's EPS guidance on
July 31 2024, for the period ended September 30, was between
$0.68 and $0.70 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 11
"hold" and 3 "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 97.70​, above​ its last closing price of $97.00. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 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​
 Jan. 1 0001   0.91        0.91       1.00      Beat    9.8
 ​​Jun.        0.85        0.85       0.92      Beat    8.7
 30 2023                                                
 Jan. 1 0001   1.58        1.59       1.61      Beat    1​
 Dec. 31 2022  0.75        0.75       0.80      Beat    7.2
 Sep. 30 2022  0.87        0.86       0.96      Beat    11.2
 This summary was machine generated October 29 at 11:44 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)