Published on 2 Dec 2021 on Zacks via Yahoo Finance
WEC Energy (WEC) Down 2.4% Since Last Earnings Report: Can It Rebound?
A month has gone by since the last earnings report for WEC Energy Group (WEC). Shares have lost about 2.4% in that time frame, outperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is WEC Energy due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.
WEC Energy's Q3 Earnings Beat Mark, 2021 EPS View UpWEC Energy delivered third-quarter 2021 earnings per share of 92 cents, which beat the Zacks Consensus Estimate of 82 cents by 12.2%. Also, the bottom line improved 9.5% from the year-ago quarter’s 84 cents per share.Results benefited from economic recovery, operating efficiency and warmer-than-expected weather.