S&P 500 (NYSE:SPY) component Wisconsin Energy Corp (NYSE:WEC) will unveil its latest earnings on Thursday, July 28, 2011. Wisconsin Energy Corporation, through its subsidiaries, conducts operations mainly in: a utility energy and non-utility energy.
Wisconsin Energy Corp Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for profit of 40 cents per share, a rise of 8.1% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged and it has not changed during the last month. For the year, analysts are projecting net income of $2.09 per share, a rise of 8.9% from last year.
Past Earnings Performance: The company is hoping to avoid falling below analyst estimates after topping expectations in the previous quarter. Last quarter, it beat expectations with profit of 72 cents against a mean estimate of net income of 66 cents.
Wall St. Revenue Expectations: On average, analysts predict $997.6 million in revenue this quarter, a rise of 12% from the year ago quarter. Analysts are forecasting total revenue of $4.61 billion for the year, a rise of 9.8% from last year’s revenue of $4.2 billion.
Analyst Ratings: Analysts seem relatively indifferent about Wisconsin Energy with nine of 15 analysts surveyed maintaining a hold rating.
The company has now seen net income rise in three straight quarters. In the first quarter, net income rose 31.8% while it rose 6.1% in the fourth quarter of the last fiscal year and 91.8% in the third quarter of the last fiscal year.
Revenue has risen the past four quarters. Revenue increased 5.8% to $1.33 billion in first quarter. The figure rose 2.1% in the fourth quarter of the last fiscal year from the year earlier, climbed 18.4% in the third quarter of the last fiscal year from the year-ago quarter and 5.7% in the second quarter of the last fiscal year.
Competitors to Watch: DTE Energy Company (NYSE:DTE), CMS Energy Corporation (NYSE:CMS), Integrys Energy Group, Inc. (NYSE:TEG), The Empire District Electric Co. (NYSE:EDE), Alliant Energy Corporation (NYSE:LNT), Avista Corporation (NYSE:AVA), SCANA Corporation (NYSE:SCG), CH Energy Group, Inc. (NYSE:CHG), Ameren Corporation (NYSE:AEE), and Dominion Resources, Inc. (NYSE:D).
Stock Price Performance: During April 27, 2011 to July 22, 2011, the stock price had risen $1.17 (3.8%) from $30.57 to $31.74. The stock price saw one of its best stretches over the last year between April 18, 2011 and April 29, 2011 when shares rose for nine-straight days, rising 5.3% (+$1.57) over that span. It saw one of its worst periods between April 1, 2011 and April 12, 2011 when shares fell for eight-straight days, falling 3.8% (-$1.16) over that span. Shares are up $2.81 (+9.7%) year to date.
(Source: Xignite Financials)