WEC Energy Group Q4 EPS $0.69 Misses $1.08 Estimate, Sales $2.22B Miss $2.97B Estimate
Portfolio Pulse from Benzinga Newsdesk
WEC Energy Group reported Q4 earnings of $0.69 per share, missing the $1.08 estimate, and sales of $2.22B, missing the $2.97B estimate. This represents a decrease in both earnings and sales compared to the same period last year.
February 01, 2024 | 12:02 pm
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NEGATIVE IMPACT
WEC Energy Group's Q4 earnings and sales significantly missed analyst estimates, with a notable year-over-year decrease in both metrics.
Missing both earnings and sales estimates by significant margins indicates potential operational or market challenges. This underperformance, especially when compared to the same period last year, could lead to negative investor sentiment and a decrease in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100