- WEC Energy’s second-quarter operating revenue amounted to $2.01 billion, marking a 13% increase compared to the previous year, and surpassing the estimated $1.8 billion.
- Earnings per share (EPS) were reported at 76 cents, up from 67 cents the previous year.
- Operating income reached $404.9 million, showing an 11% year-over-year growth and exceeding the expected $399.6 million.
- Other operation and maintenance expenses totaled $596.2 million, representing a 12% increase from last year, and were higher than the projected $560.6 million.
- The company maintains its earnings per share forecast for the year at a range of $5.17 to $5.27.
- Analyst recommendations include 6 buy ratings, 10 hold ratings, and 1 sell rating.
Wec Energy Group on Smartkarma
Analysts at Baptista Research are closely monitoring WEC Energy Group’s performance, particularly focusing on the impact of the company’s data center expansion plans on meeting emerging demand patterns. The company recently reported a solid financial year in 2024, with an adjusted earnings per share (EPS) of $4.88, indicating a $0.25 increase compared to the previous year. Despite challenges from a record warm winter that led to a $0.25 EPS decline, WEC Energy Group successfully mitigated these effects through efficient operations and strategic financial activities. Baptista Research is conducting an in-depth analysis to assess the various factors that could influence the company’s stock price in the near future, utilizing a Discounted Cash Flow (DCF) methodology for an independent valuation.
A look at Wec Energy Group Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
WEC Energy Group, a utilities provider distributing electricity and natural gas in multiple states, exhibits a promising long-term outlook based on its Smartkarma Smart Scores. With a solid Dividend score of 4 and Growth rating of 4, the company shows strength in rewarding investors and potential for expansion. Although Value and Resilience scores stand at a moderate 3, indicative of stable performance, the company’s Momentum score of 3 suggests a steady trajectory.
Overall, WEC Energy Group’s outlook appears optimistic with a consistent track record of providing dividends and potential for growth in its operations. Despite facing average value and resilience metrics, the company’s momentum indicates a gradual but upward movement in its performance in the utilities sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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