We expect Evergy, Inc. (EVRG - Free Report) to beat earnings estimates when it releases third-quarter 2019 results on Nov 6, after the market closes. In the last reported quarter, the company came up with a negative earnings surprise of 3.33%.
What Our Quantitative Model Indicates
Our proven model does conclusively predict an earnings beat for Evergy this season. A stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) to surpass estimates. That is the case here as you will see below.
Earnings ESP: The firm’s Earnings ESP is +0.28%.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Evergy currently carries a Zacks Rank #3.
Factors to Consider
Evergy’s cost-saving initiatives and ongoing share repurchases are likely to have positively impacted third-quarter earnings. The company is also expected to have gained from new retail rates.
The Zacks Consensus Estimate for third-quarter revenues and earnings per share is pegged at $1.62 billion and $1.59, indicating 2.28% and 20.45% growth, respectively, from the year-ago reported figures.
Other Stocks to Consider
Here are some other players from the sector that are worth considering, as these too have the right combination of elements to deliver an earnings beat in the upcoming releases.
Eversource Energy (ES - Free Report) is set to release third-quarter results on Nov 5. It has an Earnings ESP of +1.06% and a Zacks Rank of 2. You can see the complete list of today’s Zacks #1 Rank stocks here.
PPL Corporation (PPL - Free Report) is expected to release third-quarter results on Nov 5. It has an Earnings ESP of +1.37% and a Zacks Rank #3.
Spire Inc. (SR - Free Report) is scheduled to release fourth-quarter fiscal 2019 results on Nov 20. It has an Earnings ESP of +2.55% and a Zacks Rank of 2.
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