We expect Evergy, Inc. 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 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 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. 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.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
See 8 breakthrough stocks now>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Be the first to comment