WEC Vitality Group (WEC) reported $1.86 billion in income for the quarter ended September 2024, representing a year-over-year decline of 4.8%. EPS of $0.82 for a similar interval compares to $1.00 a yr in the past.
The reported income compares to the Zacks Consensus Estimate of $1.93 billion, representing a shock of -3.50%. The corporate delivered an EPS shock of +17.14%, with the consensus EPS estimate being $0.70.
Whereas traders scrutinize income and earnings adjustments year-over-year and the way they examine with Wall Road expectations to find out their subsequent transfer, some key metrics all the time supply a extra correct image of an organization’s monetary well being.
Since these metrics play a vital function in driving the top- and bottom-line numbers, evaluating them with the year-ago numbers and what analysts estimated about them helps traders higher challenge a inventory’s worth efficiency.
Right here is how WEC Vitality carried out within the simply reported quarter by way of the metrics most generally monitored and projected by Wall Road analysts:
- Electrical Gross sales Volumes -Whole retail: 9,974 GWh in comparison with the 9,375.35 GWh common estimate primarily based on two analysts.
- Working Revenues- Regulated Utility Operations-Wisconsin: $1.59 billion in comparison with the $1.63 billion common estimate primarily based on two analysts. The reported quantity represents a change of -2% yr over yr.
- Working Revenues- Regulated Utility Operations-Illinois: $173.60 million versus $222.52 million estimated by two analysts on common. In comparison with the year-ago quarter, this quantity represents a -28.7% change.
- Company different and eliminations (Company and different + Reconciling eliminations): -$116.20 million versus -$119.13 million estimated by two analysts on common.
- Working Revenues- Non-Utility Vitality Infrastructure: $163.10 million versus $165.30 million estimated by two analysts on common. In comparison with the year-ago quarter, this quantity represents a +2.1% change.
- Working Revenues- Regulated Utility Operations-Different States: $53 million versus the two-analyst common estimate of $49 million. The reported quantity represents a year-over-year change of +11.3%.
View all Key Company Metrics for WEC Energy here>>>
Shares of WEC Vitality have returned -0.8% over the previous month versus the Zacks S&P 500 composite’s -1% change. The inventory at present has a Zacks Rank #4 (Promote), indicating that it may underperform the broader market within the close to time period.
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WEC Energy Group, Inc. (WEC) : Free Stock Analysis Report
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