WEC Energy Group (WEC) Q4 Earnings and Revenues Lag Estimates

Core Viewpoint - WEC Energy Group reported quarterly earnings of $1.43 per share, slightly missing the consensus estimate of $1.44 per share, but showing an increase from $1.10 per share a year ago, indicating a year-over-year growth in earnings despite the miss [1][2] Financial Performance - The company posted revenues of $2.28 billion for the quarter ended December 2024, which was 12.07% below the Zacks Consensus Estimate, but slightly higher than the $2.22 billion reported a year ago [2] - Over the last four quarters, WEC Energy has surpassed consensus EPS estimates three times, but has not beaten revenue estimates during the same period [2] Stock Performance - WEC Energy shares have increased approximately 6.8% since the beginning of the year, outperforming the S&P 500, which gained 1.9% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating it is expected to perform in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $2.26 on revenues of $2.83 billion, and for the current fiscal year, it is $5.23 on revenues of $9.47 billion [7] - The trend of estimate revisions for WEC Energy is mixed, which could change following the recent earnings report [6] Industry Context - The Utility - Electric Power industry, to which WEC Energy belongs, is currently ranked in the bottom 44% of over 250 Zacks industries, suggesting potential challenges ahead [8] - The performance of WEC Energy's stock may be influenced by the overall outlook of the industry [8]