Recap: WEC Energy Group Q4 Earnings
Portfolio Pulse from Benzinga Insights
WEC Energy Group (NYSE:WEC) reported Q4 earnings, beating estimates with an EPS of $1.1 against the expected $1.08 but saw a revenue decline of $340 million from the previous year. The company has consistently beaten EPS estimates in the past year and provided an FY 2023 earnings guidance of $4.58 to $4.62 per share.
February 01, 2024 | 3:05 pm
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WEC Energy Group reported a Q4 earnings beat with an EPS of $1.1, surpassing estimates, but experienced a significant revenue drop from the previous year. The company has shown a pattern of beating EPS estimates and provided positive FY 2023 guidance.
WEC Energy Group's Q4 earnings beat and consistent past performance of exceeding EPS estimates, coupled with positive FY 2023 guidance, suggest a potential short-term positive impact on its stock price. However, the significant revenue drop could temper investor enthusiasm, making the overall outlook cautiously optimistic.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100