WEC Energy Group (WEC) Earnings Expected to Grow: Should You Buy?

Core Viewpoint - WEC Energy Group is expected to report a year-over-year increase in earnings and revenues, but actual results compared to estimates will significantly impact its stock price [1][2]. Earnings Expectations - The upcoming earnings report is anticipated to show quarterly earnings of $0.71 per share, reflecting a +6% change year-over-year, with revenues projected at $1.86 billion, up 4.9% from the previous year [3]. Estimate Revisions - The consensus EPS estimate has been revised 1.15% lower in the last 30 days, indicating a bearish sentiment among analysts regarding the company's earnings prospects [4][12]. Earnings Surprise Prediction - The Most Accurate Estimate for WEC Energy is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -1.41%, which complicates predictions of an earnings beat [12]. Historical Performance - In the last reported quarter, WEC Energy exceeded the expected earnings of $2.19 per share by delivering $2.27, achieving a surprise of +3.65%. Over the last four quarters, the company has beaten consensus EPS estimates three times [13][14]. Investment Considerations - Despite the potential for an earnings beat, other factors may influence stock movement, and the company does not currently appear to be a strong candidate for an earnings surprise [15][17].