WEC Energy Group (NYSE: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.

Earnings

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.

Past Earnings Performance

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:

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).

Guidance

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.