Earnings Outlook For WEC Energy Group
Portfolio Pulse from Benzinga Insights
WEC Energy Group (NYSE:WEC) is expected to release its quarterly earnings report on Thursday, 2024-02-01, with analysts predicting an EPS of $1.08. Investors are looking for an earnings beat and positive guidance for future growth. Historically, WEC's stock price has reacted to both earnings outcomes and guidance. Last quarter, WEC beat the EPS estimate by $0.10, leading to a 1.44% stock price increase. Over the past year, WEC shares have declined by 14.87%.
January 31, 2024 | 9:01 pm
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WEC Energy Group is anticipated to report an EPS of $1.08 in its upcoming earnings. Historical data shows that beating estimates and providing positive guidance can positively impact the stock price.
Given WEC's history of stock price increases following an earnings beat, a positive report could lead to short-term gains. However, the overall negative performance over the past year may temper expectations.
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