Back to top

Evergy (EVRG) to Report Q4 Earnings: What's in the Offing?

Read MoreHide Full Article

Evergy, Inc. (EVRG - Free Report) is scheduled to release fourth-quarter 2018 results on Feb 21, after market close. In the last reported quarter, the company delivered a positive earnings surprise of 4.76%

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. During the quarter, the company experienced consistent customer growth, which is expected to have a positive impact on demand and earnings.

Cost savings owing to mergers and other initiatives undertaken by the company will have a positive impact on margins. Share repurchases will also have a positive impact on earnings.

The Zacks Consensus Estimate for fourth-quarter earnings is pegged at 24 cents, in line with the year-ago figure. The consensus mark for revenues is pegged at $1,256 million, reflecting year-over-year growth of 111.1%.

Evergy Inc. Price and EPS Surprise

 

Evergy Inc. Price and EPS Surprise | Evergy Inc. Quote

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: Evergy has an Earnings ESP of -11.27%. 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 #2, which increases the predictive power of ESP. However, the company’s favorable Zacks Rank when combined with negative ESP is not indicative of an earnings beat this reporting cycle.

Conversely, 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 worth considering in the Zacks Oil and Energy sector, which have the right combination of elements to deliver an earnings beat in the upcoming releases.

Concho Resources Inc. (CXO - Free Report) has an Earnings ESP of +0.25% and carries a Zacks Rank #3. It is slated to report fourth-quarter 2018 results on Feb 19. You can see the complete list of today’s Zacks #1 Rank stocks here.

WPX Energy (WPX - Free Report) has an Earnings ESP of +3.80% and a Zacks Rank #3. It is scheduled to report fourth-quarter 2018 results on Feb 20.

Cheniere Energy, Inc. (LNG - Free Report) has an Earnings ESP of +84.51% and a Zacks Rank #3. It is scheduled to report fourth-quarter 2018 results on Feb 26.

Will You Make a Fortune on the Shift to Electric Cars?

Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.

With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.

It's not the one you think.

See This Ticker Free >>




In-Depth Zacks Research for the Tickers Above


Normally $25 each - click below to receive one report FREE:


Cheniere Energy, Inc. (LNG) - free report >>

Concho Resources Inc. (CXO) - free report >>

WPX Energy, Inc. (WPX) - free report >>

Evergy Inc. (EVRG) - free report >>

More from Zacks Analyst Blog

You May Like