WEC Energy Group Q1 2024 GAAP EPS $1.97 Beats $1.91 Estimate, Sales $2.680B Miss $2.916B Estimate
Portfolio Pulse from Benzinga Newsdesk
WEC Energy Group reported Q1 2024 earnings of $1.97 per share, surpassing the $1.91 estimate, marking a 22.36% increase from last year. However, their sales of $2.680B fell short of the $2.916B estimate, a 7.20% decrease from the previous year.
May 01, 2024 | 11:05 am
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WEC Energy Group's Q1 2024 earnings exceeded expectations at $1.97 per share, a 22.36% increase YOY, but sales missed estimates by 8.11%, showing a 7.20% decrease YOY.
The positive earnings beat may provide short-term positive sentiment, offset by the negative impact of the sales miss. The mixed results could lead to neutral short-term price movement as investors weigh the earnings growth against the sales decline.
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