Earnings Summary

Wec Energy Group, Inc.’s revenue fell -7.2% since last year same period to $2680.2Mn in the Q1 2024. On a quarterly growth basis, Wec Energy Group, Inc. has generated 20.87% jump in its revenue since last 3-months.

Wec Energy Group, Inc.’s net profit jumped 22.61% since last year same period to $622.6Mn in the Q1 2024. On a quarterly growth basis, Wec Energy Group, Inc. has generated 184.55% jump in its net profits since last 3-months.

Wec Energy Group, Inc.’s net profit margin jumped 32.12% since last year same period to 23.23% in the Q1 2024. On a quarterly growth basis, Wec Energy Group, Inc. has generated 135.43% jump in its net profit margins since last 3-months.

Wec Energy Group, Inc.’s price-to-earnings ratio after this Q1 2024 earnings stands at 18.23.

Wec Energy Group, Inc.’s earning per share (EPS) estimates for the current quarter stand at 0.64 - a -66.67% fall from last quarter’s estimates.

Wec Energy Group, Inc.’s earning per share (EPS) estimates for the current year stand at 0.64.

Wec Energy Group, Inc.’s earning per share (EPS) jumped 22.36% since last year same period to 1.97 in the Q1 2024. This indicates that the Wec Energy Group, Inc. has generated 22.36% annual rate of jump in its earning per share (EPS) in the last 4 quarters.

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Wec Energy Group, Inc.’s return on assets (ROA) stands at 0.03.

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Wec Energy Group, Inc.’s return on equity (ROE) stands at 0.12.

Wec Energy Group, Inc. declared 0.84 dividend per share during the earnings announcement for Q1 2024.