Alert: New Earnings Report (8/4/20)-WEC Energy Group Inc (NYSE: WEC).

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WEC Energy Group Inc (NYSE: WEC) has reported E.P.S. of $0.77 for its second fiscal quarter (ending June 30) versus $0.75 for the same period a year ago — an increase of 3%. This performance was $0.08 better than the consensus estimate of $0.69. E.P.S. were $3.71 for the latest four quarters through June 30 versus $3.47 for the same period a year ago — an increase of 7%.

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Recent Price Action

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WEC Energy Group Inc (NYSE: WEC) stock increased 1.6% on 8/4/20. The shares closed at $95.11. This advance was accompanied by normal trading volume. The stock has been strong relative to the market over the last nine months and has risen 1.9% during the last week.

Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to exceed the cost of capital, WEC is expected to continue to be a modest Value Builder.

WEC Energy has a current Value Trend Rating of C (Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. WEC Energy has a poor Appreciation Score of 22 but a slightly positive Power Rating of 69, triggering the Neutral Value Trend Rating.

Rating Review

In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.

About John Lafferty 83343 Articles
During his career, John has developed valuation and stock rating methodologies, managed institutional portfolios and mutual funds, and provided equity research to institutional investors on thousands of companies. He has been Director of Research at PTR since its inception in 2004.

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