Wisconsin Energy Corp. (NYSE:WEC) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Wisconsin Energy Corp. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 2.7% to $0.76 in the quarter versus EPS of $0.74 in the year-earlier quarter.
Revenue: Rose 7.05% to $1.28 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Wisconsin Energy Corp. reported adjusted EPS income of $0.76 per share. By that measure, the company beat the mean analyst estimate of $0.71. It beat the average revenue estimate of $1.26 billion.
Quoting Management: “We performed well – operationally and financially – in the first quarter. The year is off to a solid start, and overall, we’re very pleased with our results,” said Gale Klappa, chairman, president and chief executive officer.
Key Stats (on next page)…
Revenue increased 19.04% from $1.07 billion in the previous quarter. EPS increased 76.74% from $0.43 in the previous quarter.
Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.48 to a profit $0.50. For the current year, the average estimate has moved up from a profit of $2.41 to a profit of $2.43 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)