A week ago, WEC Energy Group, Inc. (NYSE:WEC) came out with a strong set of first-quarter numbers that could potentially lead to a re-rate of the stock. WEC Energy Group beat expectations, with revenue hitting US$3.1b (12% ahead of estimates) and EPS reaching US$2.27 (a 4.3% beat). This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on WEC Energy Group after the latest results.

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After the latest results, the twelve analysts covering WEC Energy Group are now predicting revenues of US$9.41b in 2025. If met, this would reflect a satisfactory 3.8% improvement in revenue compared to the last 12 months. Per-share earnings are expected to rise 2.6% to US$5.24. In the lead-up to this report, the analysts had been modelling revenues of US$9.32b and earnings per share (EPS) of US$5.24 in 2025. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.

See our latest analysis for WEC Energy Group

It will come as no surprise then, to learn that the consensus price target is largely unchanged at US$107. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. Currently, the most bullish analyst values WEC Energy Group at US$124 per share, while the most bearish prices it at US$95.50. Still, with such a tight range of estimates, it suggeststhe analysts have a pretty good idea of what they think the company is worth.

Of course, another way to look at these forecasts is to place them into context against the industry itself. The period to the end of 2025 brings more of the same, according to the analysts, with revenue forecast to display 5.1% growth on an annualised basis. That is in line with its 4.3% annual growth over the past five years. Juxtapose this against our data, which suggests that other companies (with analyst coverage) in the industry are forecast to see their revenues grow 5.1% per year. So although WEC Energy Group is expected to maintain its revenue growth rate, it's only growing at about the rate of the wider industry.

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The Bottom Line

The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. Happily, there were no real changes to revenue forecasts, with the business still expected to grow in line with the overall industry. The consensus price target held steady at US$107, with the latest estimates not enough to have an impact on their price targets.

With that in mind, we wouldn't be too quick to come to a conclusion on WEC Energy Group. Long-term earnings power is much more important than next year's profits. We have forecasts for WEC Energy Group going out to 2027, and you can see them free on our platform here.

It is also worth noting that we have found 2 warning signs for WEC Energy Group (1 makes us a bit uncomfortable!) that you need to take into consideration.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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