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Evergy (EVRG) to Post Q2 Earnings: What's in the Cards?

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Evergy, Inc. EVRG is set to release second-quarter 2021 results on Aug 5, before the market opens. In the last reported quarter, the company delivered an earnings surprise of 17%.

Let’s discuss the factors that are likely to get reflected in the upcoming quarterly results.

Factors to Consider

Evergy is likely to have witnessed consistent growth in demand from the residential space along with improvement from the commercial and industrial customers during the to-be-reported quarter. The company’s cost-management initiatives might also benefit its results. Besides, a steady rise in customer volumes and efforts to enhance the reliability of its services are likely to positively impact the upcoming release.

Expectation

The Zacks Consensus Estimate for second-quarter earnings per share is pegged at 74 cents, indicating an 8.8% increase from the year-ago quarter’s reported figure.

Quantitative Model Prediction

Our proven model does not conclusively predict an earnings beat for Evergy this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. That is not the case here as you will see below.

Evergy Inc. Price and EPS Surprise

Evergy Inc. Price and EPS Surprise
Evergy Inc. Price and EPS Surprise

Evergy Inc. price-eps-surprise | Evergy Inc. Quote

Earnings ESP: Evergy has an Earnings ESP is 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Zacks Rank: Evergy currently has a Zacks Rank #3.

Stocks to Consider

Here are some players worth considering from the same sector with the right combination of elements to deliver an earnings beat in the upcoming releases.

Devon Energy Corporation DVN is set to release second-quarter results on Aug 3. It has an Earnings ESP of +0.15% and a Zacks Rank of 1 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.

Ecopetrol S.A. EC is set to release second-quarter results on Aug 3. It has an Earnings ESP of +25.53% and a Zacks Rank of 3, currently.

EOG Resources, Inc. EOG is set to release second-quarter results on Aug 4. It has an Earnings ESP of +0.50% and is presently Zacks #1 Ranked.


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Devon Energy Corporation (DVN) : Free Stock Analysis Report

EOG Resources, Inc. (EOG) : Free Stock Analysis Report

Ecopetrol S.A. (EC) : Free Stock Analysis Report

Evergy Inc. (EVRG) : Free Stock Analysis Report

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