WEC Energy (WEC) Tops Q1 EPS by 6c, Miss on Revenues; Offers FY18 EPS Mid-Point Outlook Below Consensus

WEC Energy (NYSE: WEC) reported Q1 EPS of $1.23, $0.06 better than the analyst estimate of $1.17. Revenue for the quarter came in at $2.29 billion versus the consensus estimate of $2.32 billion.

At the end of March, the WEC Energy Group utilities were serving approximately 9,000 more electric and 27,000 more natural gas customers than at the same time a year ago.

The company is reaffirming its earnings guidance of $3.26 to $3.30 per share, with an expectation of reaching the top end of the range, assuming normal weather for the remainder of the year.

GUIDANCE:

WEC Energy sees FY2018 EPS of $3.26-$3.30, versus the consensus of $3.29.

For earnings history and earnings-related data on WEC Energy (WEC) click here.

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