Evergy to Release Q4 Earnings: Here's What You Need to Know

Core Viewpoint - Evergy (EVRG) is set to release its fourth-quarter 2024 results on February 27, with expectations of a year-over-year earnings increase of 37% and a slight revenue growth of 0.5% [1][5]. Group 1: Earnings Expectations - The Zacks Consensus Estimate for Evergy's earnings is 37 cents per share, reflecting a 37% increase compared to the previous year [5]. - Revenue expectations are set at $1.19 billion, indicating a 0.5% increase from the same quarter last year [5]. Group 2: Factors Influencing Earnings - Ongoing investments in grid modernization are expected to positively impact earnings, along with energy efficiency programs and cost-saving initiatives [3]. - Economic development in service territories is projected to contribute to growth in demand, further benefiting the bottom line [3]. Group 3: Potential Challenges - Higher depreciation and interest expenses are anticipated to negatively affect the earnings for the upcoming quarter [4]. - The company's Earnings ESP is -1.82%, indicating a lower likelihood of an earnings beat this time [6]. Group 4: Zacks Rank - Evergy currently holds a Zacks Rank of 3 (Hold), suggesting a neutral outlook [7].