WEC Energy Group Inc reports results for the quarter ended March 31 - Earnings Summary

WEC Energy

06/05/2025 15:31

WEC Energy Group Inc WEC.N reported quarterly adjusted earnings of $2.27​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $1.97.  The mean expectation of thirteen analysts for the quarter was for earnings of $2.18 per share. Wall Street expected results to range from $2.14  to $2.21 per share.

Revenue rose 17.5% to $3.15 billion from a year ago; analysts expected $2.82 billion.

WEC Energy Group Inc's reported EPS for the quarter was $2.27​.

The company reported quarterly net income of $724.2 million.

WEC Energy Group Inc shares had fallen by 0.3% this quarter and gained 15.6% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had risen by about 22.4% in the last three months.​

In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy," 12 "hold" and no "sell" or "strong sell." The average consensus recommendation for the electric utilities peer group is also "hold"

Wall Street's median 12-month price target for WEC Energy Group Inc is $104.50

This summary was machine generated from LSEG data May 6 at 02:31 p.m. UTC. ​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)

QUARTER ENDING
ESTIMATE
ACTUAL
BEAT, MET, MISSED
Mar. 31 2025
2.18
2.27
Beat
Dec. 31 2024
1.42
1.43
Beat
Sep. 30 2024
0.70
0.82
Beat
Jun. 30 2024
0.64
0.67
Beat