WEC Energy Group (WEC Quick QuoteWEC - Free Report) reported $1.77 billion in revenue for the quarter ended June 2024, representing a year-over-year decline of 3.2%. EPS of $0.67 for the same period compares to $0.92 a year ago.

The reported revenue represents a surprise of -4.77% over the Zacks Consensus Estimate of $1.86 billion. With the consensus EPS estimate being $0.64, the EPS surprise was +4.69%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how WEC Energy performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Electric Sales Volumes -Total retail

  : 8,650.7 GWh compared to the 8,655.8 GWh average estimate based on two analysts.

• Corporate other and eliminations (Corporate and other + Reconciling eliminations)

  : -$119.60 million compared to the -$119.04 million average estimate based on two analysts. The reported number represents a change of -119700% year over year.

• Operating Revenues- Regulated Utility Operations-Wisconsin

  : $1.37 billion versus $1.49 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -4% change.

• Operating Revenues- Non-Utility Energy Infrastructure

  : $175.60 million versus $171.53 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +3.9% change.

• Operating Revenues- Regulated Utility Operations-Other States

  : $71 million versus the two-analyst average estimate of $81.80 million. The reported number represents a year-over-year change of -13.3%.

• Operating Revenues- Regulated Utility Operations-Illinois

  : $276.80 million versus the two-analyst average estimate of $261.78 million. The reported number represents a year-over-year change of +1.2%.

View all Key Company Metrics for WEC Energy here>>>

Shares of WEC Energy have returned +10.8% over the past month versus the Zacks S&P 500 composite's +1.1% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.