WEC Historical Income Statement
| WEC Stock | USD 83.22 0.14 0.17% |
Historical analysis of WEC Energy income statement accounts such as Total Revenue of 9.3 B, Gross Profit of 2.5 B, Operating Income of 1.2 B or Ebit of 1.2 B can show how well WEC Energy Group performed in making a profits. Evaluating WEC Energy income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of WEC Energy's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining WEC Energy Group latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether WEC Energy Group is a good buy for the upcoming year.
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About WEC Income Statement Analysis
WEC Energy Group Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to WEC Energy shareholders. The income statement also shows WEC investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
WEC Energy Income Statement Chart
WEC Energy Group Income Statement is one of the three primary financial statements used for reporting WEC's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of WEC Energy Group revenue and expense. WEC Energy Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, WEC Energy's EBITDA is projected to increase significantly based on the last few years of reporting. The current year's Net Income is expected to grow to about 1.4 B, whereas Gross Profit is forecasted to decline to about 2.5 B. Add Fundamental
Total Revenue
Total revenue comprises all receipts WEC Energy Group generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of WEC Energy Group minus its cost of goods sold. It is profit before WEC Energy operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Operating Income
Operating Income is the amount of profit realized from WEC Energy Group operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of WEC Energy Group is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Most accounts from WEC Energy's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into WEC Energy Group current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in WEC Energy Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. At present, WEC Energy's EBITDA is projected to increase significantly based on the last few years of reporting. The current year's Net Income is expected to grow to about 1.4 B, whereas Gross Profit is forecasted to decline to about 2.5 B.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 3.0B | 3.3B | 4.4B | 2.5B | Total Revenue | 8.3B | 9.6B | 8.9B | 9.3B |
WEC Energy income statement Correlations
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WEC Energy Account Relationship Matchups
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WEC Energy income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Revenue | 7.5B | 7.2B | 8.3B | 9.6B | 8.9B | 9.3B | |
| Gross Profit | 2.7B | 2.9B | 3.0B | 3.3B | 4.4B | 2.5B | |
| Operating Income | 1.5B | 1.7B | 1.7B | 1.9B | 2.1B | 1.2B | |
| Ebit | 1.5B | 1.7B | 1.7B | 1.9B | 2.1B | 1.2B | |
| Ebitda | 2.7B | 2.9B | 3.1B | 3.4B | 3.4B | 3.5B | |
| Net Income | 1.1B | 1.2B | 1.3B | 1.4B | 1.3B | 1.4B | |
| Income Tax Expense | 125M | 227.9M | 200.3M | 322.9M | 204.6M | 134.1M | |
| Depreciation And Amortization | 1.2B | 1.2B | 1.4B | 1.4B | 1.3B | 1.3B | |
| Other Operating Expenses | 6.0B | 5.5B | 6.6B | 7.7B | 6.8B | 4.2B | |
| Cost Of Revenue | 4.9B | 4.4B | 5.3B | 6.3B | 4.5B | 2.5B | |
| Total Operating Expenses | 1.1B | 1.2B | 1.3B | 1.4B | 2.4B | 1.3B | |
| Income Before Tax | 1.3B | 1.4B | 1.5B | 1.7B | 1.5B | 841.0M | |
| Total Other Income Expense Net | (271.7M) | (276.8M) | (216.1M) | (191.6M) | (550.6M) | (523.1M) | |
| Interest Expense | 501.5M | 493.7M | 471.1M | 515.1M | 726.9M | 763.2M | |
| Net Income Applicable To Common Shares | 1.1B | 1.2B | 1.3B | 1.4B | 1.6B | 1.7B | |
| Selling General Administrative | 2.4B | 2.2B | 2.2B | 2.2B | 2.5B | 2.6B | |
| Net Income From Continuing Ops | 1.1B | 1.2B | 1.3B | 1.4B | 1.3B | 973.7M | |
| Non Operating Income Net Other | 229.8M | 216.9M | 255M | 323.5M | 372.0M | 189.6M | |
| Minority Interest | (500K) | 300K | 3M | (400K) | 1.2M | 1.1M | |
| Tax Provision | 125M | 227.9M | 200.3M | 322.9M | 242M | 237.5M | |
| Interest Income | 352.7M | 317.9M | 313M | 320.4M | 368.5M | 325.2M | |
| Net Interest Income | (501.5M) | (493.7M) | (471.1M) | (515.1M) | (683.6M) | (717.8M) | |
| Reconciled Depreciation | 926.3M | 975.9M | 1.1B | 1.1B | 1.3B | 1.1B |
WEC Energy Investors Sentiment
The influence of WEC Energy's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in WEC. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to WEC Energy's public news can be used to forecast risks associated with an investment in WEC. The trend in average sentiment can be used to explain how an investor holding WEC can time the market purely based on public headlines and social activities around WEC Energy Group. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
WEC Energy's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for WEC Energy's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average WEC Energy's news discussions. The higher the estimated score, the more favorable is the investor's outlook on WEC Energy.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards WEC Energy in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, WEC Energy's short interest history, or implied volatility extrapolated from WEC Energy options trading.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether WEC Energy Group offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of WEC Energy's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Wec Energy Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Wec Energy Group Stock:Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in WEC Energy Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. Note that the WEC Energy Group information on this page should be used as a complementary analysis to other WEC Energy's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Complementary Tools for WEC Stock analysis
When running WEC Energy's price analysis, check to measure WEC Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy WEC Energy is operating at the current time. Most of WEC Energy's value examination focuses on studying past and present price action to predict the probability of WEC Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move WEC Energy's price. Additionally, you may evaluate how the addition of WEC Energy to your portfolios can decrease your overall portfolio volatility.
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Is WEC Energy's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of WEC Energy. If investors know WEC will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about WEC Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.224 | Dividend Share 3.175 | Earnings Share 4.58 | Revenue Per Share 27.532 | Quarterly Revenue Growth (0.07) |
The market value of WEC Energy Group is measured differently than its book value, which is the value of WEC that is recorded on the company's balance sheet. Investors also form their own opinion of WEC Energy's value that differs from its market value or its book value, called intrinsic value, which is WEC Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because WEC Energy's market value can be influenced by many factors that don't directly affect WEC Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between WEC Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if WEC Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WEC Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.