Wisconsin Energy Corp Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Wisconsin Energy Corp (NYSE:WEC) will unveil its latest earnings on Thursday, October 27, 2011. 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 estimate of analysts is for net income of 48 cents per share, a rise of 2.1% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 45 cents. Between one and three months ago, the average estimate moved up. It has risen from 46 cents during the last month. Analysts are projecting profit to rise by 9.9% versus last year to $2.11.

Past Earnings Performance: Last quarter, the company beat estimates by 2 cents, coming in at profit of 41 cents per share against an estimate of net income of. The company also topped expectations in the first quarter.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 8.9% in revenue from the year-earlier quarter to $1.06 billion.

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

A Look Back: In the second quarter, profit rose 23.4% to $109.5 million (46 cents a share) from $88.7 million (38 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 11.3% to $991.7 million from $890.9 million.

Key Stats:

The company has seen net income rise in three straight quarters. Net income rose 31.8% in the first quarter and 6.1% in the fourth quarter of the last fiscal year.

Revenue has risen the past four quarters. Revenue rose 5.8% in the first quarter from the year earlier, climbed 2.1% in the fourth quarter of the last fiscal year from the year-ago quarter and 18.4% in the third 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 July 28, 2011 to October 21, 2011, the stock price had risen $2.21 (7.2%) from $30.69 to $32.90. 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 5.4% (+$1.56) 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% (-$1.15) over that span. Shares are up $4.23 (+14.8%) year to date.

(Source: Xignite Financials)

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