Earnings Outlook For WEC Energy Group
Portfolio Pulse from Benzinga Insights
WEC Energy Group is set to release its latest quarterly earnings report on October 31, 2023. Analysts estimate an earnings per share (EPS) of $0.90. The company's past performance shows a trend of beating EPS estimates but experiencing a slight drop in share price the following day. The company's shares were trading at $81.73 as of October 27, with a 52-week decrease of 11.1%.
October 30, 2023 | 7:01 pm
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NEGATIVE IMPACT
WEC Energy Group is expected to report an EPS of $0.90 for Q3 2023. Despite typically beating EPS estimates, the company's share price tends to drop slightly post-announcement. The stock has seen a 52-week decrease of 11.1%.
WEC Energy Group has a history of beating EPS estimates but this has been followed by a slight drop in share price. Given the 52-week decrease in share price, investors may be bearish about the upcoming earnings release.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100