WEC Energy Group, Inc. (NYSE:WEC) is reporting third quarter earnings results on Tuesday 3rd November 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.76 per share.
For the full year, analysts predict revenues of $ 7724.21 million, while looking forward to income of $ 3.75 per share.
The Company Outlook
Earnings for 3Q20 are anticipated in a range of $ 0.74 ~ $ 0.76 per share
Full Year 2020 bottomline are predicted in a range of $ 3.71 ~ $ 3.75 per share
Click Here For More Historical Outlooks Of WEC Energy Group, Inc.
Previous Quarter Performance
WEC Energy Group, Inc. announced income for the second quarter of $ 0.76 per share, from the revenue of $ 1,549.00 million. The quarterly earnings developed 2.70 percent while revenues contracted 2.59 percent compared with the same quarter last year.
Wall street analysts are predicting, WEC to report 2Q20 income of $ 0.68 per share from revenue of $ 1570.88 million. The bottom line results beat street analysts by $ 0.08 or 11.76 percent, at the same time, top line results fell short of analysts by $ 21.88 million or 1.39 percent.
Stock Performance
Shares of WEC Energy Group, Inc. traded up $ 2.59 or 2.58 percent on Monday, reaching $ 103.14 with volume of 1.18 million shares. WEC Energy Group, Inc. has traded high as $ 103.47 and has cracked $ 101.06 on the downward trend
The closing price of $ 103.14, representing a 47.85 % increase from the 52 week low of $ 68.01 and a 8.2 % decrease over the 52 week high of $ 109.53.
The company has a market capital of $ 32.53 billion and is part of the Utilities sector and Utilities – Regulated Electric industry.
Recent Analyst recommendations
- On 19th October 2020, maintained by KeyBanc at Overweight rating, with $ 104.00 target price.
- On 11th September 2020, maintained by KeyBanc at Overweight rating, with $ 102.00 target price.
Conference Call
WEC Energy Group, Inc. will be hosting a conference call at 2:00 PM eastern time on 3rd November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.wecenergygroup.com
WEC Energy Group, Inc., through its subsidiaries, provides regulated natural gas and electricity, and nonregulated renewable energy services in the United States. The company operates through six segments: Wisconsin, Illinois, Other States, Electric Transmission, Non-Utility Energy Infrastructure, and Corporate and Other. It generates and distributes electricity from coal, natural gas, oil, hydroelectric, wind, and biomass sources; provides electricity transmission services; offers retail natural gas distribution services; transports customer-owned natural gas; and generates, distributes, and sells steam.
