Wisconsin Energy Corp First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Wisconsin Energy Corp (NYSE:WEC) will unveil its latest earnings on Tuesday, May 1, 2012. Wisconsin Energy, through its subsidiaries, conducts operations mainly in utility energy. Its main subsidiaries are Wisconsin Electric, Wisconsin Gas, and We Power.

Wisconsin Energy Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for profit of 75 cents per share, a rise of 4.2% from the company’s actual earnings for the year-ago quarter. The average estimate is the same as three months ago. Between one and three months ago, the average estimate moved up. It has dropped from 76 cents during the last month. For the year, analysts are projecting net income of $2.27 per share, a rise of 4.1% from last year.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 2 cents, reporting profit of 49 cents per share against a mean estimate of net income of 47 cents per share.

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Wall St. Revenue Expectations: Analysts predict a decline of 3.8% in revenue from the year-earlier quarter to $1.28 billion.

Analyst Ratings: Analysts seem relatively indifferent about Wisconsin Energy with nine of 14 analysts surveyed maintaining a hold rating.

A Look Back: In the fourth quarter of the last fiscal year, profit fell 7.9% to $116 million (50 cents a share) from $125.9 million (54 cents a share) the year earlier, but exceeded analyst expectations. Revenue rose 2.1% to $1.11 billion from $1.09 billion.

Key Stats:

The company is looking to get back on track with this earnings announcement after a profit drop last quarter snapped a positive string of results. Net income rose 31.8% in the first quarter of the last fiscal year, 23.4% in the second quarter of the last fiscal year and 15.7% in the third quarter of the last fiscal year before declining in the fourth quarter of the last fiscal year.

On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 5.8% in the first quarter of the last fiscal year, 11.3% in the second quarter of the last fiscal year and 8.2% in the third quarter of the last fiscal year before increasing again in the fourth quarter of the last fiscal year of the last fiscal year.

Stock Price Performance: Between January 30, 2012 and April 25, 2012, the stock price rose $2.46 (7.3%), from $33.71 to $36.17. The stock price saw one of its best stretches over the last year between March 6, 2012 and March 13, 2012, when shares rose for six straight days, increasing 3.4% (+$1.17) over that span. It saw one of its worst periods between July 21, 2011 and July 29, 2011 when shares fell for seven straight days, dropping 4% (-$1.23) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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