EVERGY INC (NASDAQ: EVRG) has reported earnings for its first fiscal quarter (ending March 31) of $0.53 versus $0.62 for the same period a year ago — a decline of -15%. Relative to the consensus estimate of $0.62, this was a shortfall of $-0.09. For the latest four quarters through March 31, E.P.S. were $3.09 versus $3.36 for the same period a year ago — a decline of -8%.
Recent Price Action
EVERGY INC (NASDAQ: EVRG) stock enjoyed a large increase of 2.1% on 5/9/24. The stock closed at $55.72. Moreover, trading volume in this advance was exceptionally high at 215% of normal. The stock has been weak relative to the market over the last nine months but has risen 5.3% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, EVRG is expected to continue to be an important Value Builder.
EVERGY INC has a current Value Trend Rating of C (Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. EVERGY INC has a slightly positive Appreciation Score of 63 and a neutral Power Rating of 42, producing 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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