WEC Energy GroupWEC is a diversified holding company, engaged in the generation and distribution of electricity in southeastern, east central and northern Wisconsin, as well as in the upper peninsula of Michigan. The company provides electricity and natural gas to 4.4 million customers across four states through its customer facing brands.
The company is currently focusing on upgrading its aging distribution systems, strengthening existing infrastructure and converting coal-fired units to natural gas-based facilities.
Post completion of the acquisition of the acquisition of Integrys Energy, the company has a 60.3% ownership interest in ATC.
Estimate Trend & Surprise History
Investors should note that the fourth quarter Zacks Consensus Estimate for earnings of 63 cents per share has decreased by 4.6% in the last 90 days.
Coming to the earnings surprise, WEC Energy Group has surpassed the Zacks Consensus Estimate in three out of the last four quarters, resulting in a positive average surprise of 4.67%.
Zacks Rank : Currently, WEC Energy Group has a Zacks Rank#3 (Hold) but that could change following fourth quarter 2015 earnings report which has just released. We have highlighted some of the key details from the just-released announcement below:
Earnings : Wisconsin Energy's earnings were in-line with earnings estimate. Adjusted earnings per share came in at 63 cents, meeting the Zacks Consensus Estimate of 63 cents.
Revenue : Revenues of $1,848.3 million missed the Zacks Consensus Estimate of $2,283 million by 19.1%
Key Stats to Note : At the end of Dec 2015, Wisconsin Energy served around 8,500 and 6,500 more natural gas and electricity customers, respectively, from the prior-year level.
Stock Price: It would be interesting to see how the market reacts to the in-line earnings during the trading session today.
Check back later for our full write up on this WEC earnings report later!
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