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Evergy (EVRG) to Report Q3 Earnings: What's in the Offing?

Zacks Equity Research
·3 min read

Evergy Inc. EVRG is slated to release third-quarter 2022 financial results on Nov 4, before the market opens. Evergy’s earnings per share in the last reported quarter were on par with expectations.

Let’s see how things have shaped up before the upcoming earnings announcement.

Factors to Consider

Evergy’s third-quarter earnings are expected to have benefited from warmer-than-normal weather, creating additional demand. The improved volumes and margins from transmission infrastructure investment are expected to have boosted earnings.

Evergy’s third-quarter earnings are likely to be impacted by higher D&A from increased infrastructure investment and higher interest expenses due to the addition of high-interest bearing debts.

Expectations

The Zacks Consensus Estimate for third-quarter 2022 earnings per share is pegged at $1.89, indicating a decline of 4.6% from the year-ago quarter’s reported figure.

What the Quantitative Model Predicts

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

Evergy Inc. Price and EPS Surprise

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

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

Zacks Rank: Currently, EVRG carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.

Stocks to Consider

Investors can consider the following players that have the right combination of elements to beat earnings in this reporting cycle.

Brookfield Renewable Partners BEP is likely to come up with an earnings beat when it reports third-quarter results on Nov 4. BEP has an Earnings ESP of +28.57% and a Zacks Rank #2 at present.

The Zacks Consensus Estimate for BEP’s 2022 and 2023 earnings per unit indicates 62.3% and 132.9% year-over-year growth, respectively.

Ameren Corporation AEE is likely to come up with an earnings beat when it reports third-quarter results on Nov 4. AEE has an Earnings ESP of +1.4% and a Zacks Rank #3 at present.

Ameren’s long-term (three to five-year) earnings growth is currently pegged at 7.2%. The Zacks Consensus Estimate for AEE’s 2022 and 2023 EPS indicates 6.2% and 7% year-over-year growth, respectively.

The AES Corporation AES is likely to come up with an earnings beat when it reports third-quarter results on Nov 4. AES has an Earnings ESP of +3.42% and a Zacks Rank #3 at present.

AES Corp.’s long-term earnings growth is currently pegged at 8.2%. The Zacks Consensus Estimate for AES’ 2022 and 2023 EPS indicates 5.9% and 10% year-over-year growth, respectively.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.


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Ameren Corporation (AEE) : Free Stock Analysis Report
 
The AES Corporation (AES) : Free Stock Analysis Report
 
Brookfield Renewable Partners L.P. (BEP) : Free Stock Analysis Report
 
Evergy Inc. (EVRG) : Free Stock Analysis Report
 
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Zacks Investment Research