Based in Milwaukee, Wisconsin, WEC Energy Group, Inc. (WEC) is a diversified utilities sector company that provides regulated natural gas and electricity, along with renewable and non-regulated renewable energy services in the U.S. With a market cap of $25.8 billion, the company is set to unveil its fiscal Q2 earnings results before the market opens on Wednesday, Jul. 31.
Ahead of this event, analysts expect WEC to report a profit of $0.65 per share, down 29.4% from $0.92 per share in the year-ago quarter. The company has surpassed or met Wall Street's bottom-line estimates in each of the past four quarters. In the most recent quarter, the company reported an EPS of $1.97, exceeding the consensus estimate by a 4.2% margin.
