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The federal government is headed into a shutdown. What does it mean, who's hit and what's next?
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Birthplace of the atomic bomb braces for its biggest mission since the top-secret Manhattan Project
At UN, African leaders say enough is enough: They must be partnered with, not sidelined
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Auto workers still have room to expand their strike against car makers. But they also face risks
Trudeau pledges Canada's support for Ukraine and punishment for Russia
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3 Reasons This Sleeping Giant Is About To Wake Up
66,000% upside on tiny biotech? (Ad)
MarketBeat Week in Review – 9/18 - 9/22
The federal government is headed into a shutdown. What does it mean, who's hit and what's next?
New AI Stock Payouts (Ad)
Birthplace of the atomic bomb braces for its biggest mission since the top-secret Manhattan Project
At UN, African leaders say enough is enough: They must be partnered with, not sidelined
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
Auto workers still have room to expand their strike against car makers. But they also face risks
Trudeau pledges Canada's support for Ukraine and punishment for Russia
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QQQ   357.91
3 Reasons This Sleeping Giant Is About To Wake Up
66,000% upside on tiny biotech? (Ad)
MarketBeat Week in Review – 9/18 - 9/22
The federal government is headed into a shutdown. What does it mean, who's hit and what's next?
New AI Stock Payouts (Ad)
Birthplace of the atomic bomb braces for its biggest mission since the top-secret Manhattan Project
At UN, African leaders say enough is enough: They must be partnered with, not sidelined
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
Auto workers still have room to expand their strike against car makers. But they also face risks
Trudeau pledges Canada's support for Ukraine and punishment for Russia
Lowest-Rated StocksLowest-Rated
NYSE:WEC

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

$85.44
-0.87 (-1.01%)
(As of 09/22/2023 ET)
Compare
Today's Range
$85.33
▼
$86.38
50-Day Range
$82.02
▼
$92.54
52-Week Range
$80.82
▼
$101.11
Volume
1.86 million shs
Average Volume
1.29 million shs
Market Capitalization
$26.95 billion
P/E Ratio
19.92
Dividend Yield
3.65%
Price Target
$95.83
ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability

Earnings Summary

Upcoming
Earnings Date
Nov. 7Estimated
Actual EPS
(Aug. 1)
$0.92 Beat By $0.07
Consensus EPS
(Aug. 1)
$0.85
Read Call Transcript
Listen to Call
Skip Charts & View Estimated and Actual Earnings Data
Earnings Per ShareRevenue

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 Forecasts

QuarterNumber of EstimatesLow EstimateHigh EstimateAverage EstimateCompany Guidance
Q1 20231$1.58$1.58$1.58$1.56 - $1.58
Q2 20232$0.84$0.85$0.85$0.83 - $0.85
Q3 20232$1.00$1.13$1.07 
Q4 20232$1.08$1.18$1.13 
FY 20237$4.50$4.74$4.62 
Q1 20241$1.76$1.76$1.76 
Q2 20241$0.93$0.93$0.93 
Q3 20241$1.24$1.24$1.24 
Q4 20241$0.99$0.99$0.99 
FY 20244$4.92$4.92$4.92 
Q1 20251$1.81$1.81$1.81 
Q2 20251$1.06$1.06$1.06 

WEC Earnings Date and Information

WEC Energy Group last announced its earnings data on August 1st, 2023. The utilities provider reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.07. The business earned $1.83 billion during the quarter, compared to analyst estimates of $2.05 billion. Its quarterly revenue was down 14.0% on a year-over-year basis. WEC Energy Group has generated $4.29 earnings per share over the last year ($4.29 diluted earnings per share) and currently has a price-to-earnings ratio of 19.9. Earnings for WEC Energy Group are expected to grow by 6.51% in the coming year, from $4.61 to $4.91 per share. WEC Energy Group has not formally confirmed its next earnings publication date, but the company's estimated earnings date is Tuesday, November 7th, 2023 based off prior year's report dates.

WEC Energy Group Earnings History by Quarter

Export to Excel
DateQuarterConsensus EstimateReported EPSBeat/MissGAAP EPSRevenue EstimateActual RevenueCall Transcript
11/7/2023
Estimated)		------- 
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  
2/4/2021Q4 2020$0.73$0.76+$0.03$0.76$2.10 billion$1.93 billion  
11/8/2020Q3 2020$0.76$0.84+$0.08$0.84$1.66 billion$1.65 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, November 7th, 2023 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 $0.92 earnings per share (EPS) to beat the analysts' consensus estimate of $0.85 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 can I read WEC Energy Group's conference call transcript?

The conference call transcript for WEC Energy Group's latest earnings report can be read online. Read Transcript

How much revenue does WEC Energy Group generate each year?

WEC Energy Group (NYSE:WEC) has a recorded annual revenue of $9.60 billion.

How much profit does WEC Energy Group generate each year?

WEC Energy Group (NYSE:WEC) has a recorded net income of $1.41 billion. WEC has generated $4.29 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 19.92 and a forward price-to-earnings ratio of 18.53. The price/earnings-to-growth ratio is 3.26.

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

WEC Energy Group's earnings are expected to grow from $4.61 per share to $4.91 per share in the next year, which is a 6.51% increase.


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This page (NYSE:WEC) was last updated on 9/23/2023 by MarketBeat.com Staff

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