Milwaukee, Wisconsin-based WEC Energy Group, Inc. (WEC) provides regulated natural gas and electricity, and renewable and non-regulated renewable energy services. With a market cap of $30.7 billion, it operates through Wisconsin, Illinois, Other States, Electric Transmission, and Non-Utility Energy Infrastructure segments. The company is expected to release its Q3 earnings before the market opens on Thursday, Oct. 31.
Ahead of the event, analysts expect the electricity and natural gas provider to report a profit of $0.84 per share, down 16% from $1 per share reported in the year-ago quarter. The company has surpassed or met Wall Street’s EPS projections in the past four quarters. Its adjusted EPS for the last reported quarter declined 27.2% year-over-year to $0.67 but exceeded the consensus estimates by 4.7%.
