WEC Energy Group Q3 2024 GAAP EPS $0.76 Beats $0.74 Estimate, Sales $1.86B Miss $1.93B Estimate
Portfolio Pulse from Benzinga Newsdesk
WEC Energy Group reported Q3 2024 earnings per share of $0.76, beating estimates of $0.74, but sales of $1.86 billion missed the $1.93 billion estimate. Earnings decreased by 24% and sales by 4.8% compared to the same period last year.
October 31, 2024 | 11:02 am
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WEC Energy Group's Q3 2024 earnings per share of $0.76 exceeded expectations, but sales fell short at $1.86 billion. Both earnings and sales decreased compared to the previous year.
WEC Energy Group's earnings per share beat expectations, which is positive, but the miss on sales and the year-over-year decline in both earnings and sales could offset the positive sentiment. This mixed result may lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100