| Wisconsin Energy Beats Earnings Estimates, Revenues Lag - Analyst Blog | |
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Wisconsin Energy Corporation WEC reported first-quarter 2015 adjusted earnings of 90 cents per share, beating the Zacks Consensus Estimate of 82 cents by 9.8%. Quarterly earnings lagged the year-ago figure by a penny.
On a GAAP basis, reported earnings were 86 cents per share compared with 90 cents per share a year ago. The difference between GAAP and adjusted earnings was due to a charge of 4 cents related to the impending acquisition of Integrys Energy Group, Inc. TEG.
Total Revenues
In the quarter under review, Wisconsin Energy’s total revenues were $1,387.9 million, missing the Zacks Consensus Estimate of $1,667 million by 16.7% and declining 18.1% from $1,695 million a year ago.
The decline in total revenues was due to a much harsher winter and higher spot market prices for natural gas in the prior-year quarter.
Quarterly Operational Update
Total operating expenses declined 21.7% year over year to $1,031.6 million in the first quarter on the back of effective cost control.
Operating income in the quarter stood at $358.8 million, down 6.0% from $381.8 million a year ago.
The company’s interest expenses decreased 4.2% year over year to $59.7 million due to a decline in long-term debt.
At Mar 2015 end, the number of natural gas and electricity customers increased by 9,800 and 6,100, respectively, from the prior-year level.
Financial Condition
As of Mar 31, 2015, Wisconsin Energy had cash and cash equivalents of $65.2 million compared with $61.9 million as of Dec 31, 2014.
The company’s long-term debt decreased to $4,169.2 million as of Mar 31, 2015, from $4,186.4 million as of Dec 31, 2014.
Cash flow from operating activities was $329.7 million in first quarter of 2015, down from $385 million in the year-ago period.
Wisconsin Energy invested $149.5 million during the reported quarter compared with $129.2 million in the prior-year period.
Other Company Releases
CMS Energy Corp. CMS reported first-quarter earnings of 73 cents per share, beating the Zacks Consensus Estimate of 66 cents by 10.6%
Entergy Corp. ETR reported first-quarter 2015 operational earnings of $1.68 per share, outpacing the Zacks Consensus Estimate of $1.30 by 29.2%.
Zacks Rank
Wisconsin Energy currently holds a Zacks Rank #2 (Buy). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report WISC ENERGY CP (WEC): Free Stock Analysis Report CMS ENERGY (CMS): Free Stock Analysis Report ENTERGY CORP (ETR): Free Stock Analysis Report INTEGRYS ENERGY (TEG): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
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CMS Energy Corporation
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CODE : CMS |
ISIN : US1258961002 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
CMS Energy is a producing company based in United states of america. CMS Energy is listed in Germany and in United States of America. Its market capitalisation is US$ 16.8 billions as of today (€ 15.7 billions). Its stock quote reached its lowest recent point on April 18, 2014 at US$ 0.12, and its highest recent level on April 26, 2024 at US$ 59.34. CMS Energy has 282 420 406 shares outstanding. |