WEC Energy Group, Inc. Just Beat Revenue Estimates By 11%

WEC Energy Group, Inc. (NYSE:WEC) just released its latest quarterly results and things are looking bullish. WEC Energy Group beat expectations, with revenue hitting US$2.1b (11% ahead of estimates) and EPS reaching US$0.83 (a 2.2% beat). This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.

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Following the latest results, WEC Energy Group's 15 analysts are now forecasting revenues of US$9.86b in 2026. This would be an okay 3.3% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to rise 7.4% to US$5.59. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$9.88b and earnings per share (EPS) of US$5.60 in 2026. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.

Check out our latest analysis for WEC Energy Group

The analysts reconfirmed their price target of US$122, showing that the business is executing well and in line with expectations. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. Currently, the most bullish analyst values WEC Energy Group at US$136 per share, while the most bearish prices it at US$103. Even so, with a relatively close grouping of estimates, it looks like the analysts are quite confident in their valuations, suggesting WEC Energy Group is an easy business to forecast or the the analysts are all using similar assumptions.

Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. We would highlight that WEC Energy Group's revenue growth is expected to slow, with the forecast 2.6% annualised growth rate until the end of 2026 being well below the historical 3.6% p.a. growth over the last five years. Compare this against other companies (with analyst forecasts) in the industry, which are in aggregate expected to see revenue growth of 3.9% annually. So it's pretty clear that, while revenue growth is expected to slow down, the wider industry is also expected to grow faster than WEC Energy Group.

The Bottom Line

The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.

Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. At Simply Wall St, we have a full range of analyst estimates for WEC Energy Group going out to 2027, and you can see them free on our platform here..

You still need to take note of risks, for example - WEC Energy Group has 2 warning signs (and 1 which is concerning) we think you should know about.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.