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Are Utilities Stocks Lagging Evergy (EVRG) This Year?
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Investors interested in Utilities stocks should always be looking to find the best-performing companies in the group. Is Evergy Inc (EVRG - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Utilities peers, we might be able to answer that question.
Evergy Inc is a member of our Utilities group, which includes 106 different companies and currently sits at #2 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Evergy Inc is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for EVRG's full-year earnings has moved 0.2% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, EVRG has moved about 8.7% on a year-to-date basis. Meanwhile, the Utilities sector has returned an average of 8.3% on a year-to-date basis. This shows that Evergy Inc is outperforming its peers so far this year.
Another Utilities stock, which has outperformed the sector so far this year, is Sabesp (SBS - Free Report) . The stock has returned 43.2% year-to-date.
The consensus estimate for Sabesp's current year EPS has increased 14.2% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Evergy Inc belongs to the Utility - Electric Power industry, which includes 60 individual stocks and currently sits at #46 in the Zacks Industry Rank. Stocks in this group have gained about 8.9% so far this year, so EVRG is slightly underperforming its industry this group in terms of year-to-date returns.
Sabesp, however, belongs to the Utility - Water Supply industry. Currently, this 12-stock industry is ranked #42. The industry has moved +15.8% so far this year.
Investors with an interest in Utilities stocks should continue to track Evergy Inc and Sabesp. These stocks will be looking to continue their solid performance.
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Are Utilities Stocks Lagging Evergy (EVRG) This Year?
Investors interested in Utilities stocks should always be looking to find the best-performing companies in the group. Is Evergy Inc (EVRG - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Utilities peers, we might be able to answer that question.
Evergy Inc is a member of our Utilities group, which includes 106 different companies and currently sits at #2 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Evergy Inc is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for EVRG's full-year earnings has moved 0.2% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, EVRG has moved about 8.7% on a year-to-date basis. Meanwhile, the Utilities sector has returned an average of 8.3% on a year-to-date basis. This shows that Evergy Inc is outperforming its peers so far this year.
Another Utilities stock, which has outperformed the sector so far this year, is Sabesp (SBS - Free Report) . The stock has returned 43.2% year-to-date.
The consensus estimate for Sabesp's current year EPS has increased 14.2% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Evergy Inc belongs to the Utility - Electric Power industry, which includes 60 individual stocks and currently sits at #46 in the Zacks Industry Rank. Stocks in this group have gained about 8.9% so far this year, so EVRG is slightly underperforming its industry this group in terms of year-to-date returns.
Sabesp, however, belongs to the Utility - Water Supply industry. Currently, this 12-stock industry is ranked #42. The industry has moved +15.8% so far this year.
Investors with an interest in Utilities stocks should continue to track Evergy Inc and Sabesp. These stocks will be looking to continue their solid performance.