Recap: WEC Energy Group Q4 Earnings - WEC Energy Group (NYSE:WEC)

WEC Energy Group WEC reported its Q4 earnings results on Thursday, February 1, 2024 at 07:00 AM.

Here's what investors need to know about the announcement.

WEC Energy Group beat estimated earnings by 1.85%, reporting an EPS of $1.1 versus an estimate of $1.08.

Revenue was down $340.00 million from the same period last year.

Last quarter the company beat on EPS by $0.1 which was followed by a 1.44% increase in the share price the next day.

Here's a look at WEC Energy Group's past performance:

Quarter	Q3 2023	Q2 2023	Q1 2023	Q4 2022
EPS Estimate	0.9	0.85	1.59	0.74
EPS Actual	1	0.92	1.61	0.80
Revenue Estimate	2.02B	2.17B	2.85B	1.92B
Revenue Actual	1.96B	1.83B	2.89B	2.56B

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

WEC Energy Group management provided guidance for FY 2023, expecting earnings between $4.58 and $4.62 per share.

To track all earnings releases for WEC Energy Group visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.