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.
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. For more information please view the Barchart Disclosure Policy here.
