WEC Energy Group Q2 EPS $0.92 Beats $0.85 Estimate, Sales $1.83B Miss $2.17B Estimate
Portfolio Pulse from Benzinga Newsdesk
WEC Energy Group reported Q2 earnings of $0.92 per share, beating the analyst consensus estimate of $0.85 by 8.24%. However, the company's quarterly sales of $1.83 billion missed the analyst consensus estimate of $2.17 billion by 15.51%. This represents a 14.00% decrease over sales from the same period last year.
August 01, 2023 | 11:12 am
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NEUTRAL IMPACT
WEC Energy Group's Q2 earnings beat estimates but sales missed, which could lead to mixed market reactions.
WEC Energy Group's earnings beat could boost investor confidence, potentially driving the stock price up. However, the sales miss could offset this positive sentiment, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100