We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Countdown to WEC Energy (WEC) Q3 Earnings: A Look at Estimates Beyond Revenue and EPS
Read MoreHide Full Article
In its upcoming report, WEC Energy Group (WEC - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.79 per share, reflecting a decline of 3.7% compared to the same period last year. Revenues are forecasted to be $2.01 billion, representing a year-over-year increase of 7.6%.
The current level reflects a downward revision of 1.4% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
Given this perspective, it's time to examine the average forecasts of specific WEC Energy metrics that are routinely monitored and predicted by Wall Street analysts.
The collective assessment of analysts points to an estimated 'Operating Revenues- Regulated Utility Operations-Wisconsin' of $1.68 billion. The estimate indicates a year-over-year change of +5.9%.
Analysts predict that the 'Operating Revenues- Regulated Utility Operations-Illinois' will reach $177.52 million. The estimate indicates a year-over-year change of +2.3%.
The combined assessment of analysts suggests that 'Operating Revenues- Total Utility Operations' will likely reach $1.92 billion. The estimate suggests a change of +5.7% year over year.
The consensus estimate for 'Operating Revenues- Regulated Utility Operations-Other States' stands at $58.24 million. The estimate suggests a change of +9.9% year over year.
Over the past month, WEC Energy shares have recorded returns of +0.6% versus the Zacks S&P 500 composite's +3.8% change. Based on its Zacks Rank #3 (Hold), WEC will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Countdown to WEC Energy (WEC) Q3 Earnings: A Look at Estimates Beyond Revenue and EPS
In its upcoming report, WEC Energy Group (WEC - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.79 per share, reflecting a decline of 3.7% compared to the same period last year. Revenues are forecasted to be $2.01 billion, representing a year-over-year increase of 7.6%.
The current level reflects a downward revision of 1.4% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
Given this perspective, it's time to examine the average forecasts of specific WEC Energy metrics that are routinely monitored and predicted by Wall Street analysts.
The collective assessment of analysts points to an estimated 'Operating Revenues- Regulated Utility Operations-Wisconsin' of $1.68 billion. The estimate indicates a year-over-year change of +5.9%.
Analysts predict that the 'Operating Revenues- Regulated Utility Operations-Illinois' will reach $177.52 million. The estimate indicates a year-over-year change of +2.3%.
The combined assessment of analysts suggests that 'Operating Revenues- Total Utility Operations' will likely reach $1.92 billion. The estimate suggests a change of +5.7% year over year.
The consensus estimate for 'Operating Revenues- Regulated Utility Operations-Other States' stands at $58.24 million. The estimate suggests a change of +9.9% year over year.
View all Key Company Metrics for WEC Energy here>>>Over the past month, WEC Energy shares have recorded returns of +0.6% versus the Zacks S&P 500 composite's +3.8% change. Based on its Zacks Rank #3 (Hold), WEC will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .