WEC Energy Group Prepares to Announce Fiscal Q1 Earnings
WEC Energy Group, Inc. (WEC), headquartered in Milwaukee, Wisconsin, ranks among the leading utilities in the U.S. The company provides a diverse array of energy services, including regulated electricity, natural gas, and renewable energy solutions. With its market capitalization at $34.7 billion, WEC’s operations include electric generation from multiple sources, natural gas distribution, as well as managing transmission networks and power plants. The company is set to announce its fiscal first-quarter earnings for 2025 on May 6, 2025.
Analysts Project Strong Earnings Growth for WEC
As anticipation builds for the earnings report, analysts predict that WEC will report earnings of $2.20 per share on a diluted basis. This represents an increase of 11.7% from last year’s $1.97 per share in the same quarter. Notably, WEC has exceeded Wall Street’s earnings per share (EPS) estimates in three of its last four quarterly reports, with a miss in the most recent quarter.
Future Earnings Insights
Looking ahead, analysts forecast WEC to achieve an EPS of $5.24 for the current fiscal year, marking a rise of 7.4% compared to $4.88 in fiscal 2024. Furthermore, WEC’s EPS is expected to climb 6.7% year-over-year to reach $5.59 in fiscal 2026.
Stock Performance Analysis
Over the past year, WEC Stock has risen by 31.8%, significantly outperforming the S&P 500, which gained 8.2%, and the Utilities Select Sector SPDR Fund, which saw a 17.6% increase within the same timeframe.
Investment Strategy and Future Goals
WEC Energy Group’s robust growth trajectory is attributed to both its organic initiatives and strategic acquisitions. The company continues to make significant investments in infrastructure, particularly in liquefied natural gas (LNG) facilities and renewable energy projects. This strategy aligns with its objective to efficiently support a growing customer base and work towards achieving net carbon neutrality by 2050.
Recent Financial Results and Market Response
After releasing its fourth-quarter results on February 4, WEC Energy shares dipped by 1.2%. Despite a 3% year-over-year increase in operating revenue to $2.3 billion—driven by a slight rise in electricity demand across residential, commercial, and industrial segments—the revenue fell short of Wall Street expectations. Additionally, earnings per share were reported at $1.43, missing consensus forecasts by 69 basis points.
Analysts’ Outlook
The consensus opinion among analysts regarding WEC Stock remains cautiously optimistic, assigning a “Moderate Buy” rating overall. Of the 16 analysts monitoring the Stock, four recommend a “Strong Buy,” while 12 suggest a “Hold” position. Currently, WEC trades above its average price target of $105.18.
On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data presented are for informational purposes only. For further details, please review the Barchart Disclosure Policy here.
The views and opinions expressed in this article are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
