Latest news with #EVRG
Yahoo
a day ago
- Business
- Yahoo
Are Wall Street Analysts Bullish on Evergy Stock?
With a market cap of $16.7 billion, Evergy, Inc. (EVRG) is an energy company that, through its subsidiaries Kansas City Power & Light Company and Westar Energy Inc., generates, transmits, distributes, and sells electricity. Its diverse energy mix includes coal, natural gas, oil, uranium, and renewable sources such as wind, solar, and landfill gas, serving residential, commercial, industrial, and municipal customers. Shares of the Kansas City, Missouri-based company have outperformed the broader market over the past 52 weeks. EVRG stock has returned 22.8% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 20.1%. Moreover, shares of Evergy are up 17.7% on a YTD basis, compared to SPX's 8.6% gain. More News from Barchart 'It Will Be the Biggest Product Ever': Elon Musk Says Tesla's Optimus Robots Will Be Bigger Than Even Robotaxi Dear Archer Aviation Stock Fans, Mark Your Calendars for August 11 This Hidden-Gem AI Stock Has a Major Catalyst Coming on August 11 Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! Looking closer, the electric utility stock has also outpaced the Utilities Select Sector SPDR Fund's (XLU) 17.5% rise over the past 52 weeks. Despite reporting better-than-expected Q2 2025 adjusted EPS of $0.82, Evergy's shares fell marginally on Aug. 7 due to a 17.2% drop in net income to $171.3 million, driven by higher operating and interest expenses. Weaker power demand from milder weather and a 6.38% decline in retail sales further pressured revenue, which slipped to $1.4 billion. For the fiscal year ending in December 2025, analysts expect EVRG's EPS to grow nearly 5% year-over-year to $4. The company's earnings surprise history is mixed. It beat the consensus estimates in two of the last four quarters while missing on two other occasions. Among the 13 analysts covering the stock, the consensus rating is a 'Strong Buy.' That's based on 11 'Strong Buy' ratings and two 'Holds.' This configuration is slightly more bullish than three months ago, with 10 'Strong Buy' ratings on the stock. On Aug. 8, Mizuho analyst Anthony Crowdell raised Evergy's price target to $77 and maintained an 'Outperform" rating, citing strong large-load customer demand. As of writing, the stock is trading below the mean price target of $75.10. The Street-high price target of $79 implies a potential upside of 9.1%. On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Erreur lors de la récupération des données Connectez-vous pour accéder à votre portefeuille Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données
Yahoo
5 days ago
- Business
- Yahoo
Evergy's Q2 Earnings Beat Estimates, Revenues Decrease Y/Y
Evergy, Inc. EVRG reported second-quarter 2025 operating earnings per share (EPS) of 82 cents, which topped the Zacks Consensus Estimate of 76 cents by 7.9%. In the year-ago quarter, the company reported earnings of 90 adjusted EPS was negatively impacted by milder weather, which resulted in a 26% decrease in cooling degree days, higher operations and maintenance expenses, and an increase in interest and depreciation. EVRG's Total Revenues Quarterly revenues totaled $1.44 billion, which missed the Zacks Consensus Estimate of $1.47 billion by 1.9%. In the year-ago quarter, the company posted revenues of $1.45 billion. Evergy Inc. Price, Consensus and EPS Surprise Evergy Inc. price-consensus-eps-surprise-chart | Evergy Inc. Quote Highlights of EVRG's Q2 Earnings Release Fuel and purchased power totaled $330.4 million, down 8% from the year-ago quarter's figure of $359 and maintenance expenses amounted to $255.1 million, up 7.3% year over expenses totaled $153.8 million, up 7.1% year over year. EVRG's Financial Update Cash and cash equivalents as of June 30, 2025 totaled $27.8 million compared with $22 million as of Dec. 31, debt as of June 30, 2025 was $12.4 billion compared with $11.81 billion as of Dec. 31, provided by operating activities in the first six months of 2025 was $773.5 million compared with $634.8 million in the year-ago period. EVRG's Guidance Evergy reaffirmed its 2025 adjusted EPS guidance in the range of $3.92-$4.12. The Zacks Consensus Estimate is pegged at $4, lower than the midpoint of the company's guided company reaffirmed its adjusted EPS annual growth target of 4-6% through 2029. EVRG's Zacks Rank Evergy currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Recent Releases NiSource Inc. NI has reported second-quarter 2025 operating earnings per share of 22 cents, which beat the Zacks Consensus Estimate of 21 cents by 4.8%. The bottom line was higher than the year-ago quarter's earnings by a penny. Operating revenues of $1.28 billion topped the Zacks Consensus Estimate of $1.15 billion by 11.3%. The top line also increased 18.3% from the prior-year quarter's figure of $1.08 Service Enterprise Group Incorporated PEG, or PSEG, reported second-quarter 2025 adjusted earnings of 77 cents per share, which beat the Zacks Consensus Estimate of 71 cents by 8.5%. Earnings improved 22.2% from the prior-year reported figure of 63 cents per revenues totaled $2.81 billion, which outpaced the Zacks Consensus Estimate of $2.35 billion by 19.6%. The top line also increased 15.8% from the year-ago figure of $2.42 Energy Corporation's DUK second-quarter 2025 earnings of $1.25 per share beat the Zacks Consensus Estimate of $1.19 by 5%. The bottom line also improved 10.6% from $1.13 reported in the year-ago operating revenues came in at $7.51 billion, which rose 4.7% from $7.17 billion in the year-ago period. The top line also surpassed the Zacks Consensus Estimate of $7.34 billion by 2.3%. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NiSource, Inc (NI) : Free Stock Analysis Report Public Service Enterprise Group Incorporated (PEG) : Free Stock Analysis Report Duke Energy Corporation (DUK) : Free Stock Analysis Report Evergy Inc. (EVRG) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
01-08-2025
- Business
- Yahoo
Analysts Estimate Evergy Inc (EVRG) to Report a Decline in Earnings: What to Look Out for
Wall Street expects a year-over-year decline in earnings on higher revenues when Evergy Inc (EVRG) reports results for the quarter ended June 2025. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on August 7. On the other hand, if they miss, the stock may move lower. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise. Zacks Consensus Estimate This electric utility is expected to post quarterly earnings of $0.77 per share in its upcoming report, which represents a year-over-year change of -14.4%. Revenues are expected to be $1.47 billion, up 1.2% from the year-ago quarter. Estimate Revisions Trend The consensus EPS estimate for the quarter has been revised 5.69% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change. Price, Consensus and EPS Surprise Earnings Whisper Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction). The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). How Have the Numbers Shaped Up for Evergy? For Evergy, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%. On the other hand, the stock currently carries a Zacks Rank of #3. So, this combination makes it difficult to conclusively predict that Evergy will beat the consensus EPS estimate. Does Earnings Surprise History Hold Any Clue? Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that Evergy would post earnings of $0.66 per share when it actually produced earnings of $0.54, delivering a surprise of -18.18%. Over the last four quarters, the company has beaten consensus EPS estimates just once. Bottom Line An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Evergy doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. An Industry Player's Expected Results Another stock from the Zacks Utility - Electric Power industry, Pinnacle West (PNW), is soon expected to post earnings of $1.58 per share for the quarter ended June 2025. This estimate indicates a year-over-year change of -10.2%. Revenues for the quarter are expected to be $1.26 billion, down 3.4% from the year-ago quarter. The consensus EPS estimate for Pinnacle West has been revised 3.3% higher over the last 30 days to the current level. However, an equal Most Accurate Estimate has resulted in an Earnings ESP of 0%. When combined with a Zacks Rank of #3 (Hold), this Earnings ESP makes it difficult to conclusively predict that Pinnacle West will beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates three times. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Evergy Inc. (EVRG) : Free Stock Analysis Report Pinnacle West Capital Corporation (PNW) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23-07-2025
- Business
- Yahoo
What to Expect From Evergy's Q2 2025 Earnings Report
Kansas City, Missouri-based Evergy, Inc. (EVRG) engages in the generation, transmission, distribution, and sale of electricity in the United States. With a market cap of $15.9 billion, the company generates electricity through coal, landfill gas, uranium, and natural gas and oil sources, as well as solar, wind, and other renewable sources. EVRG is scheduled to report its Q2 earnings on Thursday, August 7, before the market opens. Ahead of this event, analysts expect the company to report a profit of $0.80 per share, down 11.1% from $0.90 per share in the year-ago quarter. The company has surpassed Wall Street's bottom-line estimates in one of the past four quarters, while missing on three other occasions. More News from Barchart Nvidia Stock Warning: This NVDA Challenger Just Scored a Major Customer This High-Yield Dividend Stock (8.3%) Has Analysts Saying 'Strong Buy' — Should You? Should You Buy the Post-Earnings Dip in Lockheed Martin Stock? Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! For fiscal 2025, analysts expect EVRG to report an EPS of $4, up 5% year over year from $3.81 in fiscal 2024. Moreover, in FY2026, the company's EPS is expected to rise 6.5% annually to $4.26. EVRG shares have soared 25.8% over the past 52 weeks, underperforming the S&P 500 Index's ($SPX) 13.4% returns and the Utility Select Sector SPDR Fund's (XLU) 20.3% gains during the same time frame. On May 8, EVRG shares closed down more than 4% following the release of its Q1 results. The company posted revenue of $1.37 billion and its adjusted EPS for the quarter came in at $0.54, falling short of the consensus estimate by 18.2%. Looking ahead, Evergy expects full-year earnings in the range of $3.92 to $4.12 per share. Wall Street analysts are highly bullish about EVRG's stock, with a "Strong Buy" rating overall. Among 14 analysts covering the stock, 11 suggest a 'Strong Buy' and three suggest a 'Hold.' EVRG's average analyst price target of $74.45 indicates a 6.7% potential upside from the current levels. On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
17-07-2025
- Business
- Globe and Mail
Evergy Schedules Conference Call to Discuss 2nd Quarter Results
Evergy, Inc. (NASDAQ: EVRG) announced today it will release its 2025 second quarter earnings Thursday, August 7, 2025, before market open. The company plans to host its quarterly conference call and audio webcast to discuss the results Thursday, August 7, 2025. In conjunction with the earnings release and conference call, the company plans to post on its website supplemental financial information related to second quarter 2025 performance. The materials will be available under Supplemental Materials in the Investors section of the company website at A replay of the conference call will be available on the Evergy website at About Evergy, Inc. Evergy, Inc. (NASDAQ: EVRG), serves 1.7 million customers in Kansas and Missouri. Evergy's mission is to empower a better future. Our focus remains on producing, transmitting and delivering reliable, affordable, and sustainable energy for the benefit of our stakeholders. Today, about half of Evergy's power comes from carbon-free sources, creating more reliable energy with less impact to the environment. We value innovation and adaptability to give our customers better ways to manage their energy use, to create a safe, diverse and inclusive workplace for our employees, and to add value for our investors. Headquartered in Kansas City, our employees are active members of the communities we serve.
