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WEC Energy GAAP EPS of $0.80 beats by $0.05, revenue of $2.56B beats by $550M, reaffirms 2023 earning guidance

Feb. 02, 2023 7:32 AM ETWEC Energy Group, Inc. (WEC)By: Deepa Sarvaiya, SA News Editor3 Comments
  • WEC Energy press release (NYSE:WEC): Q4 GAAP EPS of $0.80 beats by $0.05.
  • Revenue of $2.56B (+16.4% Y/Y) beats by $550M.
  • "...we are also reaffirming the company's 2023 earnings guidance. We expect earnings to be in a range of $4.58 to $4.62 per share (consensus of $4.61). The midpoint of the range is $4.60 per share, which represents growth of 6.7 percent from the midpoint of the company's original guidance for 2022," 

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Comments (3)

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Oddly, utilities are having a great day as the risk off trade continues.

Earnings thus far have been very good except for Nextera, but other names, including WEC are doing fine. Looking for good earnings from ATO next week.
Excellent Smither's!!! Excellent!
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@eddieojr Release the hounds!

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