In This Article:
WEC Energy Group (NYSE:WEC) Full Year 2024 Results
Key Financial Results
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Revenue: US$8.60b (down 3.3% from FY 2023).
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Net income: US$1.53b (up 15% from FY 2023).
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Profit margin: 18% (up from 15% in FY 2023). The increase in margin was driven by lower expenses.
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EPS: US$4.83 (up from US$4.22 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
WEC Energy Group Revenues Disappoint
Revenue missed analyst estimates by 4.3%. Earnings per share (EPS) was mostly in line with analyst estimates.
Looking ahead, revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Integrated Utilities industry in the US.
Performance of the American Integrated Utilities industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
You should learn about the 2 warning signs we've spotted with WEC Energy Group (including 1 which can't be ignored).
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