Recap: WEC Energy Q4 Earnings

WEC Energy WEC reported its Q4 earnings results on Thursday, February 3, 2022 at 07:00 AM.

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

Earnings

WEC Energy Gr beat estimated earnings by 4.41%, reporting an EPS of $0.71 versus an estimate of $0.68, which did not surprise analysts.

Revenue was up $268.60 million from the same period last year.

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Past Earnings Performance

Last quarter the company beat on EPS by $0.13, which was followed by a 1.12% drop in the share price the next day.

Here's a look at WEC Energy Gr'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 Gr management provided guidance for their next quarter, expecting earnings between $4.29 and $4.33 per share for the next quarter.

This represents a 507.04% in quarter-over-quarter growth for WEC Energy Gr, a bullish signal to many investors.

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