WEC Energy Group, Inc. is set to announce its Q3 earnings on Oct. 30. Analysts expect a profit of $0.78 per share, a decrease from the year-ago quarter. Full-year EPS is forecasted to be $5.23. WEC stock has outperformed the S&P 500 and Utilities Select Sector SPDR Fund, with a 21% increase in shares over the past year.

The company’s strong performance is attributed to increased infrastructure spending and rising electricity prices. In Q2, WEC reported an EPS of $0.76, beating Wall Street expectations. Revenue was up 13.4% year over year. Full-year EPS is projected to be between $5.17 and $5.27.

Analysts hold a “Moderate Buy” rating on WEC stock, with a mean price target of $114.38. Five analysts recommend a “Strong Buy,” nine advise a “Hold,” and one suggests a “Strong Sell.” The Street-high price target of $131 indicates a potential upside of 12.5%.

Read more at Yahoo Finance: Here’s What to Expect From WEC Energy’s Next Earnings Report