Evergy Set for Earnings Boost, Analysts Show Cautious Optimism

Evergy prepares for its fourth-quarter earnings release. Analysts project profits of $0.37 per share, up 37% year-over-year. However, previous performance has been inconsistent, warranting cautious investor sentiment.

Date: 28-01-2025

AI Rating: 6

Earnings Per Share (EPS)
Evergy is projected to report a profit of $0.37 per share for the fourth quarter of 2024, indicating a significant rise of 37% from $0.27 per share reported in the same quarter last year. For the fiscal year 2024, analysts expect EPS to climb to $3.84, reflecting an 8.5% increase from the previous year's EPS of $3.54. Further growth is anticipated in fiscal 2025, with EPS expected to rise by 5% to $4.03.

Revenue Growth
In its recent Q3 earnings release, Evergy reported an 8.4% year-over-year increase in revenue, amounting to $1.8 billion. This demonstrates the company’s capability for revenue growth and highlights stable electricity demand.

Net Income
While the text provides details about expected earnings and revenue, specific figures regarding net income are not mentioned.

Profit Margins
Specific profit margin information (gross, operating, or net) is not detailed in the text. However, the rise in earnings and revenue suggests an optimistic outlook for profit margins moving forward.

Free Cash Flow (FCF)
No information regarding free cash flow is provided in the text.

Return on Equity (ROE)
No information about return on equity is included in the text.

Overall, Evergy’s optimistic EPS forecast and consistent revenue growth indicate a stable outlook for the company. Moreover, the strategic investments in renewable energy and infrastructure are likely to enhance future performance. The company’s dividend increases may also attract income-focused investors, securing its positive stock performance against the S&P 500 benchmark. Analysts maintain a cautiously upbeat consensus with an overall “Moderate Buy” rating, showing confidence in the stock while highlighting past inconsistencies. The average analyst price target of $67.35 suggests a potential upside of 4.9% from current levels, further underscoring the belief in Evergy’s growth potential.

Stocks: EVRG