Upcoming Financial Overview for WEC Energy's Quarter: Key Insights to Anticipate
Wisconsin's WEC Energy Group Shines in the U.S. Utility Scene
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Milwaukee-based WEC Energy Group, a key U.S. utility player, offers a diverse energy portfolio – from regulated electricity and natural gas to clean, renewable solutions, boasting a significant market cap of $34.7 billion. The firm's operations stretch across electric generation, natural gas distribution, transmission network management, and power plant operation. On May 6, they'll unveil their fiscal 2025 Q1 earnings.
Analysts predict that WEC will post a $2.20 per share profit in Q1 2025, up 11.7% from the $1.97 per share of Q1 2024. In the past four quarters, WEC has exceeded Wall Street's EPS projections three times, with just one miss.
For the entirety of 2025, analysts anticipate WEC to report EPS of $5.24, up 7.4% from 2024's $4.88. Projections for 2026's EPS suggest a 6.7% year-over-year increase to $5.59.
Over the past year, WEC shares have surged 31.8%, surpassing the S&P 500's $8.2% gains and the Utilities Select Sector SPDR Fund's $17.6% gains. WEC's continued growth can be attributed to both organic initiatives and strategic acquisitions, complemented by significant infrastructure investments. Specifically, investments in LNG facilities and renewable energy projects will support a growing customer base and propel WEC towards its 2050 net carbon-neutral objective.
The stock dipped 1.2% following the release of WEC's Q4 2024 results on Feb. 4. Although Q4 revenue demonstrated a 3% year-over-year increase to $2.3 billion, it fell short of analyst estimates. Earnings per share clocked in at $1.43, 69 basis points below Wall Street projections.
Analysts currently hold a cautiously optimistic view on WEC, with a "Moderate Buy" rating. Out of 16 analysts covering the stock, four recommend a "Strong Buy," while the rest advise a "Hold." WEC trades above its mean price target of $105.18.
At the time of publication, Kritika Sarmah had no positions in any of the securities mentioned in this article. For more disclosure information, please view our website's policy here. All data and information are for informational purposes only.
Analysts have offered the following predictions for WEC Energy Group for Q1 2025, 2025, and 2026 earnings:
First-Quarter Earnings 2025:
- Estimated EPS: $2.20 per share on a diluted basis, up 11.7% from $1.97 per share in Q1 2024[1]
Full-Year EPS 2025:
- Projected EPS: Around $5.24, showing a 7.4% increase from $4.88 in fiscal 2024[1]
- Alternative projections: EPS could range between $5.17 and $5.27[4]
Full-Year EPS 2026:
- Expected EPS: Around $5.59, depicting a 6.7% year-over-year increase[1]
WEC Energy Group, located in Milwaukee, is projected to announce a Q1 2025 earnings of $2.20 per share, marking a 11.7% rise from Q1 2024's $1.97 per share. In 2025, the firm's estimated EPS stands at $5.24, surpassing the previous year's $4.88. These earnings are part of the company's diverse finance portfolio, which includes renewable energy solutions.
