EVERGY INC (NASDAQ: EVRG) has reported earnings for its fourth fiscal quarter (ending December 31) of $0.25 versus $0.03 for the same period a year ago — an increase of 733%. However, this result fell short of the consensus estimate of $0.29 by $-0.04. For the latest four quarters through December 31, E.P.S. were $3.18 versus $3.27 for the same period a year ago — a decline of -3%.
Recent Price Action
On 2/29/24, EVERGY INC (NASDAQ: EVRG) stock declined slightly by -0.5%, closing at $49.54. Moreover, this decline was accompanied by above average trading volume at 139% of normal. Relative to the market the stock has been weak over the last nine months and has declined -2.1% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, EVRG is expected to continue to be a Value Builder.
EVERGY INC has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. EVERGY INC has a good Appreciation Score of 81 but a slightly negative Power Rating of 35, resulting in the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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