WEC Energy Gr WEC reported its Q1 earnings results on Monday, May 2, 2022 at 07:00 AM.
Here's what investors need to know about the announcement.
Earnings
WEC Energy Gr beat estimated earnings by 7.83%, reporting an EPS of $1.79 versus an estimate of $1.66.
Revenue was up $217.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.03 which was followed by a 1.1% drop in the share price the next day.
Here's a look at WEC Energy Gr's past performance:
Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
---|---|---|---|---|
EPS Estimate | 0.68 | 0.79 | 0.78 | 1.47 |
EPS Actual | 0.71 | 0.92 | 0.87 | 1.61 |
Revenue Estimate | 1.72B | 1.68B | 1.61B | 2.31B |
Revenue Actual | 2.20B | 1.75B | 1.68B | 2.69B |
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 FY 2022, expecting earnings between $4.34 and $4.38 per share.
To track all earnings releases for WEC Energy Gr visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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