Evergy, Inc. (EVRG - Free Report) is scheduled to report second-quarter 2018 earnings on Aug 8, 2018. This company was formed in 2018 by the merger of Westar Energy and Great Plains Energy.
Let’s see how things are shaping up prior to this announcement.
Factors to Consider
The Zacks Consensus Estimate for earnings is pegged at 56 cents for the second quarter of 2018. Evergy’s margins are expected to get a boost from the cost-saving initiatives undertaken by the company. The merger savings will have a positive impact on earnings of the company.
Here is What Our Quantitative Model Predicts:
Our proven model does not conclusively show that Evergy is likely to beat estimates in the to-be-reported quarter as it does not possess the key components. A stock needs to have a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen.
Earnings ESP: Evergy has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Currently, Evergy has a Zacks Rank #3, which increases the predictive power of ESP. However, an Earnings ESP of 0.00% makes surprise prediction difficult.
We caution against Sell-rated stocks (#4 or 5) going into the earnings announcement, especially when the company is seeing a negative estimate revision momentum.
Stocks to Consider
Here are some players worth considering in the Zacks Oil and Energy sector, which have the right combination of elements to deliver an earnings beat this time around.
Delek Logistics Partners, LP (DKL - Free Report) has an Earnings ESP of +0.63% and a Zacks Rank #2. It is expected to report second-quarter 2018 earnings on Aug 7. You can see the complete list of today’s Zacks #1 Rank stocks here.
Energy Transfer Equity, L.P. has an Earnings ESP of +4.32% and a Zacks Rank #2. It is anticipated to report second-quarter 2018 earnings on Aug 8.
Cheniere Energy, Inc. (LNG - Free Report) has an Earnings ESP of +5.25% and a Zacks Rank #2. It is expected to report second-quarter 2018 earnings on Aug 9.
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