EVRG Earnings Prediction
The chart below shows how EVRG performed 10 days before and after its earnings report, based on data from the past quarters. Typically, EVRG sees a -0.76% change in stock price 10 days leading up to the earnings, and a -1.41% change 10 days following the report. On the earnings day itself, the stock moves by -0.05%. This data can give you a slight idea of what to expect for the next quarter's release.
EVRG Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
1.81B
8.51%
25.14%
Gross Margin
60.47%
10.01%
8.27%
Operating Margin
34.64%
19.00%
40.02%
Net Margin
25.87%
21.80%
78.29%
EPS
2.02
32.03%
124.44%
No Data Available
EVRG Earnings Analysis
Evergy, Inc. Corporation (EVRG.O) Earnings Conference Call
Positive
Earnings Per Share Growth: 1. Increased Adjusted Earnings: Evergy reported third quarter adjusted earnings of $2.02 per share, a 7.4% increase from $1.88 per share in the same quarter last year, driven by demand growth and new retail sales.
Earnings Growth Performance: 2. Year-to-Date Earnings Growth: Year-to-date adjusted earnings reached $3.46 per share, up from $3.27 per share a year ago, reaffirming the company's strong financial performance.
Dividend Growth Announcement: 3. Dividend Increase: Evergy announced a 4% increase in its quarterly dividend, raising it to $2.67 per share on an annualized basis, reflecting confidence in future growth.
Capital Investment Strategy: 4. Significant Capital Investment Plan: The company established a rolling 5-year capital investment plan totaling approximately $16.2 billion, which is expected to result in 8% annualized rate base growth through 2029.
Customer Demand Expansion: 5. Strong Customer Demand Pipeline: Evergy is in advanced negotiations with potential new customers representing between 500 and 1,000 megawatts of incremental load, contributing to a robust economic development pipeline of over 6 gigawatts.
Negative
Cooling Degree Days Effect: 1. Cooling Degree Days Impact: The third quarter experienced a 12% decrease in cooling degree days, resulting in a $0.14 decrease in EPS compared to the same quarter last year.
Depreciation Impact on EPS: 2. Higher Depreciation Expense: Increased infrastructure investments led to a $0.03 decrease in EPS due to higher depreciation and amortization expenses.
Regulatory Lag Risks: 3. Regulatory Lag Concerns: Despite improvements in regulatory frameworks, there remains a risk of regulatory lag impacting the recovery of investments, which could affect earnings stability.
Capital Expenditure Concerns: 4. Increased Capital Expenditure: The updated capital expenditure forecast includes a $3.7 billion increase, raising concerns about the company's ability to manage such a significant investment without impacting financial metrics negatively.
Equity Issuance Strategy: 5. Equity Issuance Plans: The company plans to introduce common stock issuances starting in 2026, which may dilute existing shareholder value and impact earnings per share growth projections.
EVRG FAQs
How does EVRG typically perform around its earnings report dates?
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EVRG Earning Call Sentiment
Evergy, Inc. (EVRG) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
EVRG.O
1.2%Positive
The earnings call summary suggests a stable financial outlook with an 8% annualized rate base growth and a 4% dividend increase. The Q&A session reinforced confidence in the company's plans, despite some uncertainties regarding gas plant costs and commercial discussions. The overall sentiment is positive, with no major risks highlighted, and the growth strategy appears well-supported by existing customer commitments. Given these factors, the stock price is likely to experience a positive movement in the next two weeks.
