WEC Energy Group (NYSE: WEC) is set to announce its financial results for the third quarter of 2024 on Thursday 31st October 2024. This highly anticipated announcement is scheduled to take place before market open. Investors will have the opportunity to learn more about the company's performance during the quarter.
The latest projections from financial analysts on Wall Street suggest that the establishment is likely to reveal an estimated $0.70 profit per share for the quarter. Additionally, the company is expected to announce revenueS of $1.93 billion for the period.
Analysts forecasting the company's performance for this year have been made public. The estimated total revenue is about $9.1 billion. They also predict that throughout the course of the fiscal year, the business will make about profit of $4.86 per share.
In comparison to the same quarter of the prior year, the company's financial statement showcased a per share of income of $1. This was credited to the company's total revenue, which reached an impressive $1957 million in that particular timeframe.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Historical Earnings Insight | ||||
| Q2 2024 | $0.67 | -27.2% | 1.77 B | -3.2% |
| Q1 2024 | $1.97 | +22.4% | 2.68 B | -7.2% |
| Q4 2023 | $1.10 | +37.5% | 2.22 B | -13.3% |
| Q3 2023 | $1.00 | +4.2% | 1.96 B | -2.3% |
| Q2 2023 | $0.92 | +1.1% | 1.83 B | -14.0% |
| *Growth on year-over-year basis | ||||
WEC will host a conference call with investment community on 31st October 2024 at 02:00 PM eastern time to discuss the financial results.
WEC Energy Group (WEC) experienced a trading range of $95.24 to $96.57, along with a total volume of 1.65 million shares during the day. The stock concluded Tuesday's regular trading session at $95.33, showing decrease of 1.72 percent.
