Evergy Inc (EVRG) Q1 earnings and revenues have
lagged behind estimates. EPS missed by 12c, yet the company has provided guidance. Interestingly, Evergy has announced a $1.2 billion equity distribution agreement. Promisingly,
UBS has upgraded EVRG to a Buy rating, pointing towards a brighter outlook.
EPS guidance for 2025 remains at $3.92-$4.12 indicating potential for stable long-term growth. However, high costs and lower demand led to Q1 earnings missing Wall Street estimates. Despite this, Evergy reaffirms its strategic growth plans and investor confidence appears to remain high with notable institutional ownership of 89% of the company's stock.
Legislative support for Evergy's projects bodes well for future ventures. The company is also gearing up for a shareholders meeting where key strategical and financial aspects will be discussed. In spite of mixed financial results and the prospect of electric bills increasing, Evergy continues to focus on
strategic investments and
renewable expansion, maintaining its status as a quality buy in the utilities sector.
Evergy EVRG News Analytics from Fri, 23 Aug 2024 07:00:00 GMT to Sat, 10 May 2025 06:03:50 GMT -
Rating -2
- Innovation 5
- Information 8
- Rumor -5
