Equities Analysts Offer Predictions for Evergy Q1 Earnings

Key Points

• Zacks Research raised Evergy’s Q1 2027 EPS forecast to $0.71 from $0.69, while projecting full-year 2027 earnings of $4.59 per share and full-year 2028 earnings of $4.92.
• Evergy’s latest quarterly results exceeded expectations, with EPS of $0.88 versus the $0.81 consensus and revenue of $1.50 billion versus estimates of $1.36 billion.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and a $90.60 price target; the company also offers a $0.695 quarterly dividend, yielding approximately 3.5% annually.

Evergy Inc. (NASDAQ:EVRG - Free Report) - Investment analysts at Zacks Research raised their Q1 2027 earnings per share estimates for shares of Evergy in a report issued on Friday, September 18th. Zacks Research analyst Team now forecasts that the company will post earnings per share of $0.71 for the quarter, up from their previous estimate of $0.69. The consensus estimate for Evergy's current full-year earnings is $4.25 per share. Zacks Research also issued estimates for Evergy's Q3 2027 earnings at $2.26 EPS, Q4 2027 earnings at $0.66 EPS, FY2027 earnings at $4.59 EPS, Q1 2028 earnings at $0.75 EPS, Q2 2028 earnings at $0.99 EPS and FY2028 earnings at $4.92 EPS.

Evergy (NASDAQ:EVRG - Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.07. The firm had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.36 billion. Evergy had a net margin of 15.19% and a return on equity of 9.20%. During the same quarter in the prior year, the business posted $0.82 EPS.

Other equities research analysts also recently issued reports about the stock. BTIG Research set a $97.00 price objective on shares of Evergy in a research report on Thursday, July 23rd. BMO Capital Markets lifted their target price on shares of Evergy from $88.00 to $92.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 22nd. Weiss Ratings restated a "buy (b)" rating on shares of Evergy in a research note on Friday, August 7th. Barclays upped their target price on Evergy from $89.00 to $94.00 and gave the company an "overweight" rating in a report on Tuesday, June 30th. Finally, Citigroup increased their price target on Evergy from $95.00 to $97.00 and gave the company a "buy" rating in a research report on Friday, July 24th. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $90.60.

Evergy Stock Down 0.0%

EVRG opened at $79.75 on Monday. Evergy has a fifty-two week low of $71.33 and a fifty-two week high of $88.62. The firm has a market capitalization of $18.39 billion, a P/E ratio of 20.24, a PEG ratio of 2.07 and a beta of 0.53. The company's 50-day moving average is $83.06 and its 200 day moving average is $82.96. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.36 and a quick ratio of 0.21.

Evergy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Tuesday, August 18th were given a dividend of $0.695 per share. This represents a $2.78 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Tuesday, August 18th. Evergy's dividend payout ratio is currently 70.56%.

Insider Buying and Selling at Evergy

In other news, Director Jonathan Rolph purchased 1,640 shares of the business's stock in a transaction dated Friday, September 11th. The stock was bought at an average price of $81.47 per share, for a total transaction of $133,610.80. Following the purchase, the director owned 670 shares of the company's stock, valued at $54,584.90. The trade was a -169.07% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.52% of the company's stock.

Institutional Investors Weigh In On Evergy

Institutional investors have recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC boosted its position in Evergy by 3.5% during the second quarter. Sequoia Financial Advisors LLC now owns 34,801 shares of the company's stock worth $3,008,000 after purchasing an additional 1,173 shares during the period. Community Bank of Raymore lifted its stake in shares of Evergy by 6.2% during the 2nd quarter. Community Bank of Raymore now owns 31,764 shares of the company's stock valued at $2,745,000 after buying an additional 1,850 shares in the last quarter. Tidal Investments LLC lifted its stake in shares of Evergy by 95.8% during the 2nd quarter. Tidal Investments LLC now owns 136,137 shares of the company's stock valued at $11,766,000 after buying an additional 66,593 shares in the last quarter. National Pension Service boosted its holdings in Evergy by 1.4% in the 2nd quarter. National Pension Service now owns 17,421 shares of the company's stock worth $1,506,000 after buying an additional 242 shares during the period. Finally, Engineers Gate Manager LP purchased a new position in Evergy in the 2nd quarter valued at approximately $2,018,000. 87.24% of the stock is owned by hedge funds and other institutional investors.

About Evergy

Evergy, Inc is an investor-owned electric utility that generates, transmits, distributes and sells electricity to residential, commercial, industrial and other customers. The company operates regulated utilities and provides electric service through its Kansas and Missouri subsidiaries.

Evergy serves customers across much of Kansas and in western Missouri, including the Kansas City metropolitan area. Its generation portfolio includes a mix of renewable and conventional resources, such as wind, solar, natural gas and coal, as well as an ownership interest in the Wolf Creek nuclear generating station in Kansas.

The company was formed in 2018 through the merger of Great Plains Energy Incorporated and Westar Energy, Inc Evergy is headquartered in Topeka, Kansas, with significant operations in the Kansas City region.

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