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What's in the Offing for Evergy (EVRG) This Earnings Season?
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Evergy, Inc. (EVRG - Free Report) is set to release fourth-quarter 2020 results on Feb 26, before the market opens. In the last reported quarter, the company delivered a negative earnings surprise of 4.9%.
Let’s discuss the factors that are likely to get reflected in the upcoming quarterly results.
Factors to Consider
Evergy’s cost-management initiatives and lower average outstanding shares are likely to have positively impacted fourth-quarter earnings.
Steady demand from residential customers is likely to have offset some of the demand decline from commercial and industrial customers in the fourth quarter.
Expectation
The Zacks Consensus Estimate for fourth-quarter earnings per share is pegged at 20 cents, indicating a 37.5% decline from the year-ago reported figure.
Quantitative Model Prediction
Our proven model does not conclusively predict an earnings beat for Evergy this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. That is not the case here as you will see below.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Evergy currently holds a Zacks Rank #3.
Stocks to Consider
Here are some players from the same sector that are worth considering, as these have the right combination of elements to deliver an earnings beat in the upcoming releases.
Oasis Midstream Partners LP is set to release fourth-quarter results on Feb 24, after market close. It has an Earnings ESP of +5.97% and a Zacks Rank #2.
EOG Resources (EOG - Free Report) is set to release fourth-quarter results on Feb 26. It has an Earnings ESP of +18.42% and holds a Zacks Rank #2.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
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What's in the Offing for Evergy (EVRG) This Earnings Season?
Evergy, Inc. (EVRG - Free Report) is set to release fourth-quarter 2020 results on Feb 26, before the market opens. In the last reported quarter, the company delivered a negative earnings surprise of 4.9%.
Let’s discuss the factors that are likely to get reflected in the upcoming quarterly results.
Factors to Consider
Evergy’s cost-management initiatives and lower average outstanding shares are likely to have positively impacted fourth-quarter earnings.
Steady demand from residential customers is likely to have offset some of the demand decline from commercial and industrial customers in the fourth quarter.
Expectation
The Zacks Consensus Estimate for fourth-quarter earnings per share is pegged at 20 cents, indicating a 37.5% decline from the year-ago reported figure.
Quantitative Model Prediction
Our proven model does not conclusively predict an earnings beat for Evergy this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. That is not the case here as you will see below.
Evergy Inc. Price and EPS Surprise
Evergy Inc. price-eps-surprise | Evergy Inc. Quote
Earnings ESP: Its Earnings ESP is 0.00%.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Evergy currently holds a Zacks Rank #3.
Stocks to Consider
Here are some players from the same sector that are worth considering, as these have the right combination of elements to deliver an earnings beat in the upcoming releases.
PDC Energy Inc. is set to release fourth-quarter results on Feb 24. It has an Earnings ESP of +1.22% and sports a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Oasis Midstream Partners LP is set to release fourth-quarter results on Feb 24, after market close. It has an Earnings ESP of +5.97% and a Zacks Rank #2.
EOG Resources (EOG - Free Report) is set to release fourth-quarter results on Feb 26. It has an Earnings ESP of +18.42% and holds a Zacks Rank #2.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
See 8 breakthrough stocks now>>