Investors looking for stocks in the Utility - Electric Power sector might want to consider either Evergy Inc (EVRG) or Consolidated Edison (ED) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look. The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, while our Style ...

Evergy, Inc.'s (EVRG) strategic capital investments to expand operations, strengthen infrastructure and improve reliability are likely to boost its performance. Given its growth opportunities, EVRG makes for a solid investment option in the utility sector. The company currently carries a Zacks Rank #2 (Buy). Let's look at the factors that are driving the stock. Growth Projections The Zacks Consensus Estimate for 2024 earnings per share (EPS) is pegged at $3.84, which indicates a yearover-year growth of 8.5% ...

Evergy, Inc. (EVRG) reported second-quarter 2024 operating earnings per share (EPS) of 90 cents, which lagged the Zacks Consensus Estimate of 99 cents by 9.1%. However, the bottom line increased 11.1% from the year-ago quarter's figure of 81 cents. EPS in the reported quarter benefited from warmer-than-normal weather, growth in weather-normalized demand, new retail rates and higher transmission margin, partially offset by higher operation and maintenance expenses, increased depreciation and amortization exp ...

Earnings and Financial Performance - Q2 2024 GAAP EPS of $0.90, up from $0.78 in Q2 2023[1] - Q2 2024 Adjusted EPS (Non-GAAP) of $0.90, up from $0.81 in Q2 2023[1] - Q2 2024 GAAP earnings of $207.0 million, compared to $179.1 million in Q2 2023[1] - Q2 2024 Adjusted earnings (Non-GAAP) of $207.0 million, compared to $186.1 million in Q2 2023[1] - Year-to-date June 30, 2024 Adjusted earnings (Non-GAAP) of $331.7 million, compared to $322.2 million in 2023[5] - Year-to-date June 30, 2024 Adjusted EPS (Non-GAAP) of $1.44, compared to $1.40 in 2023[5] Guidance and Growth Targets - Reaffirmed 2024 GAAP and Adjusted EPS guidance of $3.73 to $3.93[3] - Long-term Adjusted EPS (Non-GAAP) annual growth target of 4% to 6% through 2026[3] Dividends - Quarterly dividend declared at $0.6425 per share[4] Customer Base - Evergy serves 1.7 million customers in Kansas and Missouri[11] Risks and Challenges - Financial market conditions and performance, including volatility in interest rates and credit spreads, impact the availability and cost of capital[14] - Disruptions in the banking industry affect derivatives, hedges, nuclear decommissioning trust, and pension plan assets and costs[14] - Physical and cybersecurity breaches, criminal activity, and terrorist attacks pose risks to Evergy's facilities and IT infrastructure[14] - Geopolitical conflicts impact the global energy market, including the ability to contract for non-Russian sourced uranium[14] - Workforce risks include attracting and retaining qualified personnel and managing costs of wages, retirement, and health care benefits[14] - Strategic initiatives like mergers, acquisitions, and divestitures may not achieve expected value in a timely manner[14] - Evergy Companies' ability to manage transmission and distribution development plans and joint ventures is a key risk[14] - New factors emerge unpredictably, and Evergy cannot assess their impact on business outcomes[15] Forward-Looking Statements - Evergy undertakes no obligation to update forward-looking statements unless required by law[15] Corporate Communications - Media and investor contacts are provided for corporate communications and investor relations[16]

Core Viewpoint - Evergy (EVRG) is set to release its second-quarter 2024 results on August 9, following a previous negative earnings surprise of 11.5% in the last quarter [1] Factors to Consider - In April 2024, Evergy Missouri West acquired a joint ownership interest in Dogwood Energy Center, adding nearly 145 megawatts of capacity, which is expected to enhance quarterly revenues [2] - Earnings are anticipated to benefit from ongoing investments in grid modernization, energy efficiency programs, and cost-saving initiatives, alongside economic development in service territories driving demand growth [3] Potential Challenges - Severe storms during the second quarter caused outages in some service territories, potentially negatively impacting earnings [4] - Increased depreciation and interest expenses are also likely to adversely affect the bottom line [4] Q2 Expectations - The Zacks Consensus Estimate for earnings is projected at 99 cents per share, reflecting a year-over-year increase of 22.2% [5] - The Zacks Consensus Estimate for revenues is set at $1.32 billion, indicating a decrease of 2.3% from the previous year's quarter [5] Earnings Prediction Model - The current model does not predict an earnings beat for Evergy, with an Earnings ESP of 0.00% and a Zacks Rank of 2 (Buy) [6][7] Industry Comparison - Algonquin Power & Utilities (AQN) is highlighted as a potential earnings beat candidate in the same industry, with an Earnings ESP of +9.09% and a Zacks Rank of 3 [8]

Investors interested in stocks from the Utility - Electric Power sector have probably already heard of Evergy Inc (EVRG) and Southern Co. (SO) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look. The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scor ...

Franklin, MA, July 23, 2024 (GLOBE NEWSWIRE) -- Franklin, MA, July 23, 2024 - Interactions, an innovating force in Conversational AI for customer service, today announced its client, Evergy won gold in Chartwell's 21st annual Best Practices Awards for excellence in Digital Experience. Evergy won the Chartwell Gold Award for Excellence in Digital Experience. The evaluation committee recognized Evergy's innovation to allow start and transfer service in the IVA. This novel concept allowed more than 40,000 star ...

An American investor-owned utility (IOU) with publicly traded stock and the largest electrical provider in Kansas, Evergy has a passion for creating exceptional customer experiences and solutions. For its digital-based customer support, it partners with Interactions LLC to efficiently manage millions of annual support calls. Interactions delivers exceptional omnichannel customer-support solutions by combining the best of AI with customized LLMs and real-time human intelligence. It provides digital CX soluti ...

SanderStock/iStock via Getty Images It seems like every day the technology (XLK) sector dominates the headlines. Given that it makes up approximately 30% of the S&P 500 index's (SP500) weighting, this makes sense. There's no doubt that technology is fueling economic growth. Not surprisingly, it also has generated outsized gains in 2023, year-to-date, and especially in the past month. Before the dip in recent days, XLK outperformed the S&P by almost 11% on a one-month basis per Seeking Alpha. According to Tr ...

The Zacks Consensus Estimate for PCG's 2024 and 2025 earnings reflects a year-over-year growth of 9.8% and 8.6%, respectively. The company reported a positive earnings surprise of 5.71% in the last reported quarter. PNW's long-term earnings growth rate is 8.2%. The Zacks Consensus Estimate for Pinnacle West Capital's 2024 and 2025 EPS implies a year-over-year improvement of 7.9% and 5.3%, respectively. Growth Projections In the past six months, shares of the company rallied 3.9% against the industry's 2.3% ...