WEC Energy Q2 2024 GAAP EPS $0.67 Beats $0.63 Estimate, Sales $1.770B Miss $1.866B Estimate
Portfolio Pulse from Benzinga Newsdesk
WEC Energy Group (NYSE:WEC) reported Q2 2024 earnings per share (EPS) of $0.67, beating the analyst estimate of $0.63. However, sales of $1.770 billion missed the estimate of $1.866 billion. EPS decreased by 27.17% year-over-year, and sales decreased by 3.28% year-over-year.
July 31, 2024 | 11:09 am
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WEC Energy Group reported Q2 2024 EPS of $0.67, beating estimates but showing a significant year-over-year decline. Sales missed expectations and also declined year-over-year.
While WEC Energy Group's EPS beat estimates, the significant year-over-year decline in EPS and the miss on sales estimates could create mixed reactions in the market. Investors may be concerned about the declining performance, but the EPS beat could provide some support.
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