Wisconsin Energy (WEC) Misses Q4 Earnings Estimate, Beats Revenues - Tale of the Tape
Wisconsin Energy Corporation (WEC), a diversified utility holding company, operates in Wisconsin and Michigan's Upper Peninsula. The Milwaukee, WI-based utility provider is engaged in the generation and distribution of electricity and distribution of natural gas.
Wisconsin Energy’s stable cash generating capacity, investments in infrastructure development projects, a gradual improvement in Wisconsin economy and the proposed acquisition of Integrys Energy Group, Inc. (TEG) are expected to boost its future performance.
However, stringent environmental regulations, any delay in completion of ongoing projects and several operational risks are our major concern.
Estimate Trend & Surprise History
Investors should note that the recent earnings estimate for Wisconsin Energy has moved downward direction over the past 30 days. The company currently has a Zacks Rank #2 (Buy).
Coming to the earnings surprise, Wisconsin Energy has surpassed the Zacks Consensus Estimate in each of the last four quarters with an average beat of 10.39%.
Going further things could definitely change given the company’s recently released earnings results. Going below we have mentioned some of the vital information from this just-revealed announcement:
Earnings: Wisconsin Energy missed in the fourth quarter by a penny. Our consensus called for fourth-quarter EPS of 57 cents, and the company reported EPS of 56 cents.
Revenue: Wisconsin Energy surpassed the revenue estimates in the fourth quarter. The company posted revenues of $1,225.1 million in the fourth quarter, compared to our consensus estimate of $932 million.
Key Stats to Note: At the end of Dec 2014, Wisconsin Energy served around 5,300 and 9,100 more electricity and natural gas customers, respectively, from the prior-year level.
Stock Price: Shares were up almost 2.2% ahead of the report and remained inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on this WEC earnings report later!
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WISC ENERGY CP (WEC): Free Stock Analysis Report
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