Evergy (EVRG) To Report Q3 Earnings What's In The Offing?

We expect Evergy, Inc. (NYSE:EVRG) to beat earnings estimates when it releases third-quarter 2019 results on Nov 6, after the market closes. In the last reported quarter, the company came up with a negative earnings surprise of 3.33%.

What Our Quantitative Model Indicates

Our proven model does conclusively predict an earnings beat for Evergy this season. A stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) to surpass estimates. That is the case here as you will see below.

Earnings ESP: The firm’s Earnings ESP is +0.28%.

You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

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

Factors to Consider

Evergy’s cost-saving initiatives and ongoing share repurchases are likely to have positively impacted third-quarter earnings. The company is also expected to have gained from new retail rates.

The Zacks Consensus Estimate for third-quarter revenues and earnings per share is pegged at $1.62 billion and $1.59, indicating 2.28% and 20.45% growth, respectively, from the year-ago reported figures.

Other Stocks to Consider

Here are some other players from the sector that are worth considering, as these too have the right combination of elements to deliver an earnings beat in the upcoming releases.

Eversource Energy (NYSE:ES) is set to release third-quarter results on Nov 5. It has an Earnings ESP of +1.06% and a Zacks Rank of 2. You can see the complete list of today’s Zacks #1 Rank stocks here.

PPL Corporation (NYSE:PPL) is expected to release third-quarter results on Nov 5. It has an Earnings ESP of +1.37% and a Zacks Rank #3.

Spire Inc. (NYSE:SR) is scheduled to release fourth-quarter fiscal 2019 results on Nov 20. It has an Earnings ESP of +2.55% and a Zacks Rank of 2.

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