WEC Energy Group (WEC) Q1 Earnings and Revenues Top Estimates

Core Viewpoint - WEC Energy Group reported quarterly earnings of $2.27 per share, exceeding the Zacks Consensus Estimate of $2.19 per share, and showing an increase from $1.97 per share a year ago, indicating a positive earnings surprise of 3.65% [1] Financial Performance - The company achieved revenues of $3.15 billion for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 11.85%, compared to $2.68 billion in the same quarter last year [2] - Over the last four quarters, WEC Energy has exceeded consensus EPS estimates three times [2] Stock Performance - WEC Energy shares have increased approximately 15.6% since the beginning of the year, contrasting with a decline of 3.9% in the S&P 500 [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating expectations of outperforming the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.75 on revenues of $1.87 billion, and for the current fiscal year, it is $5.24 on revenues of $9.34 billion [7] - The trend of estimate revisions for WEC Energy is favorable, which could influence future stock movements [6] Industry Context - The Utility - Electric Power industry, to which WEC Energy belongs, is currently ranked in the top 20% of over 250 Zacks industries, suggesting a strong performance potential [8]