WEC Energy Group (WEC) Earnings Date, Estimates & Call Transcripts

$82.87
+0.28 (+0.34%)
(As of 02:10 PM ET)

Earnings Summary

Upcoming
Earnings Date
Aug. 6Estimated
Actual EPS
(May. 1)
$1.97 Beat By $0.07
Consensus EPS
(May. 1)
$1.90
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WEC Earnings Estimates and Actuals by Quarter

The chart below shows up to four years of a company's earnings history. The dark blue line represents the company's actual earnings per share. The light blue area represents the range of Wall Street analysts' earnings estimates for each quarter.

WEC Estimated and Actual Revenue by Quarter

The chart below shows up to four years of a company's revenue history. The dark blue line represents the company's actual revenue. The light blue line represents the company's estimated revenue based on the consensus of Wall Street analysts for each quarter.

WEC Energy Group Analyst EPS Estimates

QuarterNumber of EstimatesLow EstimateHigh EstimateAverage EstimateCompany Guidance
Q1 20241$1.85$1.85$1.851.890 - 1.910
Q2 20241$0.93$0.93$0.93 
Q3 20241$1.03$1.03$1.03 
Q4 20241$1.06$1.06$1.06 
FY 20244$4.87$4.87$4.87 
Q1 20251$2.04$2.04$2.04 
Q2 20251$0.85$0.85$0.85 
Q3 20251$0.92$0.92$0.92 
Q4 20251$1.41$1.41$1.41 
FY 20254$5.22$5.22$5.22 
Q1 20261$2.01$2.01$2.01 

WEC Earnings Date and Information

WEC Energy Group last posted its quarterly earnings results on May 1st, 2024. The utilities provider reported $1.97 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.07. The company earned $2.68 billion during the quarter, compared to analyst estimates of $2.92 billion. Its quarterly revenue was down 7.2% on a year-over-year basis. WEC Energy Group has generated $4.22 earnings per share over the last year ($4.22 diluted earnings per share) and currently has a price-to-earnings ratio of 19.6. Earnings for WEC Energy Group are expected to grow by 7.19% in the coming year, from $4.87 to $5.22 per share. WEC Energy Group has not formally confirmed its next earnings publication date, but the company's estimated earnings date is Tuesday, August 6th, 2024 based off prior year's report dates.

WEC Energy Group Earnings History by Quarter

DateQuarterConsensus EstimateReported EPSBeat/MissGAAP EPSRevenue EstimateActual RevenueCall Transcript
8/6/2024
Estimated)
------- 
5/1/2024Q1 2024$1.90$1.97+$0.07$1.97$2.92 billion$2.68 billion  
2/1/2024Q4 2023$1.08$1.10+$0.02$1.51$2.82 billion$2.22 billion    
10/31/2023Q3 2023$0.91$1.00+$0.09$1.00$2.03 billion$1.96 billion    
8/1/2023Q2 2023$0.85$0.92+$0.07$0.92$2.05 billion$1.83 billion    
5/1/2023Q1 2023$1.58$1.61+$0.03$1.61$2.90 billion$2.89 billion    
2/2/2023Q4 2022$0.75$0.80+$0.05$0.80$2.01 billion$2.56 billion    
11/1/2022Q3 2022$0.86$0.96+$0.10$0.96$1.83 billion$2.00 billion
8/2/2022Q2 2022$0.86$0.91+$0.05$0.91$1.76 billion$2.13 billion    
5/2/2022Q1 2022$1.66$1.79+$0.13$1.79$2.83 billion$2.91 billion    
2/3/2022Q4 2021$0.68$0.71+$0.03$0.71$1.86 billion$2.20 billion    
11/2/2021Q3 2021$0.79$0.92+$0.13$0.92$1.68 billion$1.75 billion    
8/3/2021Q2 2021$0.79$0.87+$0.08$0.87$1.60 billion$1.68 billion    
5/2/2021Q1 2021$1.47$1.61+$0.14$1.61$2.22 billion$2.69 billion  

WEC Energy Group Earnings - Frequently Asked Questions

When is WEC Energy Group's earnings date?

WEC Energy Group has not confirmed its next earnings publication date, but the company's estimated earnings date is Tuesday, August 6th, 2024 based off last year's report dates. Learn more on WEC's earnings history.

Did WEC Energy Group beat their earnings estimates last quarter?

In the previous quarter, WEC Energy Group (NYSE:WEC) reported $1.97 earnings per share (EPS) to beat the analysts' consensus estimate of $1.90 by $0.07. Learn more on analysts' earnings estimate vs. WEC's actual earnings.

How can I listen to WEC Energy Group's earnings conference call?

The conference call for WEC Energy Group's latest earnings report can be listened to online. Listen to Conference Call

How much revenue does WEC Energy Group generate each year?

WEC Energy Group (NYSE:WEC) has a recorded annual revenue of $8.89 billion.

How much profit does WEC Energy Group generate each year?

WEC Energy Group (NYSE:WEC) has a recorded net income of $1.33 billion. WEC has generated $4.22 earnings per share over the last four quarters.

What is WEC Energy Group's price-to-earnings ratio?

WEC Energy Group (NYSE:WEC) has a trailing price-to-earnings ratio of 19.59 and a forward price-to-earnings ratio of 16.97. The price/earnings-to-growth ratio is 2.86.

What is WEC Energy Group's EPS forecast for next year?

WEC Energy Group's earnings are expected to grow from $4.87 per share to $5.22 per share in the next year, which is a 7.19% increase.


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This page (NYSE:WEC) was last updated on 5/2/2024 by MarketBeat.com Staff

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