What's In The Offing For Evergy (EVRG) This Earnings Season?
Zacks Investment Research | May 02, 2019 10:16PM ET
Evergy, Inc. (NYSE:EVRG) is scheduled to release first-quarter 2019 results on May 8, after market close. In the last reported quarter, the company came up with a negative earnings surprise of 66.67%.
Let’s see how things are shaping up prior to this announcement.
Factors to Consider
Evergy is expected to gain from strong economic conditions in its service territories. The unemployment rate in its service territories is lower than the industry average. The company experienced consistent customer growth in the last reported quarter and the trend is expected to continue in the to-be-reported quarter as well, thereby positively impacting demand and earnings.
Cost savings owing to mergers and other initiatives undertaken by the company will have a positive impact on margins in the first quarter. Share repurchases will also have a positive impact on earnings.
The Zacks Consensus Estimate for first-quarter revenues is pegged at $1,327 million, indicating 121.7% growth from the year-ago reported figure.
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.