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What's in Store for Evergy (EVRG) This Earnings Season?
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Evergy, Inc. (EVRG - Free Report) is scheduled to release second-quarter 2019 results on Aug 7, after market close. In the last reported quarter, the company came up with a positive earnings surprise of 10%.
Let’s see how things are shaping up prior to this announcement.
Factors to Consider
Evergy’s cost-saving initiatives and share repurchases are likely to have a positive impact on second-quarter earnings. The company is also expected to gain from new retail rates.
The Zacks Consensus Estimate for second-quarter revenues and earnings per share is pegged at $1,330 million and 61 cents, indicating 48.87% and 8.93% growth, respectively, from the year-ago reported figures.
What Our Quantitative Model Indicates
A stock needs to have a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) to beat estimates. However, Evergy does not have the required combination, as elaborated below.
Earnings ESP: The company has an Earnings ESP of -7.90%.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: It currently holds a Zacks Rank #4 (Sell). The Sell-rated stocks (#4 or 5) should never be considered going into an earnings announcement, especially when the company is seeing negative estimate revisions.
Stocks to Consider
Here are some players from the Zacks Utility sector that are worth considering, as these have the right combination of elements to deliver an earnings beat in the upcoming releases.
Southern Company (SO - Free Report) is set to release second-quarter results on Jul 31. It has an Earnings ESP of +0.46% and a Zacks Rank of 3.
Black Hills Corporation (BKH - Free Report) is scheduled to release second-quarter results on Aug 5. It has an Earnings ESP of +0.75% and a Zacks Rank of 3.
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Today, we’re on the brink of the next quantum leap in technology. 7 innovative companies are leading this “4th Industrial Revolution” - and early investors stand to earn the biggest profits.
Image: Bigstock
What's in Store for Evergy (EVRG) This Earnings Season?
Evergy, Inc. (EVRG - Free Report) is scheduled to release second-quarter 2019 results on Aug 7, after market close. In the last reported quarter, the company came up with a positive earnings surprise of 10%.
Let’s see how things are shaping up prior to this announcement.
Factors to Consider
Evergy’s cost-saving initiatives and share repurchases are likely to have a positive impact on second-quarter earnings. The company is also expected to gain from new retail rates.
The Zacks Consensus Estimate for second-quarter revenues and earnings per share is pegged at $1,330 million and 61 cents, indicating 48.87% and 8.93% growth, respectively, from the year-ago reported figures.
What Our Quantitative Model Indicates
A stock needs to have a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) to beat estimates. However, Evergy does not have the required combination, as elaborated below.
Earnings ESP: The company has an Earnings ESP of -7.90%.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Evergy Inc. Price and EPS Surprise
Evergy Inc. price-eps-surprise | Evergy Inc. Quote
Zacks Rank: It currently holds a Zacks Rank #4 (Sell). The Sell-rated stocks (#4 or 5) should never be considered going into an earnings announcement, especially when the company is seeing negative estimate revisions.
Stocks to Consider
Here are some players from the Zacks Utility sector that are worth considering, as these have the right combination of elements to deliver an earnings beat in the upcoming releases.
Entergy Corporation (ETR - Free Report) is expected to release second-quarter results on Jul 31. It has an Earnings ESP of +1.40% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Southern Company (SO - Free Report) is set to release second-quarter results on Jul 31. It has an Earnings ESP of +0.46% and a Zacks Rank of 3.
Black Hills Corporation (BKH - Free Report) is scheduled to release second-quarter results on Aug 5. It has an Earnings ESP of +0.75% and a Zacks Rank of 3.
Radical New Technology Creates $12.3 Trillion Opportunity
Imagine buying Microsoft stock in the early days of personal computers… or Motorola after it released the world’s first cell phone. These technologies changed our lives and created massive profits for investors.
Today, we’re on the brink of the next quantum leap in technology. 7 innovative companies are leading this “4th Industrial Revolution” - and early investors stand to earn the biggest profits.
See the 7 breakthrough stocks now>>