WEC Energy Group (NYSE:WEC) reported its Q4 earnings results on Thursday, February 1, 2024 at 07:00 AM.
Here’s what investors need to know about the announcement.
Earnings
WEC Energy Group beat estimated earnings by 1.85%, reporting an EPS of $1.1 versus an estimate of $1.08.
Revenue was down $340.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.1 which was followed by a 1.44% increase in the share price the next day.
Here’s a look at WEC Energy Group’s past performance:
| Quarter | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.9 | 0.85 | 1.59 | 0.74 |
| EPS Actual | 1 | 0.92 | 1.61 | 0.80 |
| Revenue Estimate | 2.02B | 2.17B | 2.85B | 1.92B |
| Revenue Actual | 1.96B | 1.83B | 2.89B | 2.56B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
WEC Energy Group management provided guidance for FY 2023, expecting earnings between $4.58 and $4.62 per share.
To track all earnings releases for WEC Energy Group visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
