Evergy's Return On Capital Employed Overview
Portfolio Pulse from Benzinga Insights
Evergy (NASDAQ:EVRG) reported Q1 earnings of $145.7 million, a 1274.53% increase from the previous quarter, and sales of $1.3 billion, a 1.33% increase since Q4. The company posted a return on capital employed (ROCE) of 0.02%, indicating effective capital allocation.
May 19, 2023 | 2:49 pm
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Evergy's Q1 earnings show a significant increase in profits and sales, with a positive ROCE of 0.02%, indicating effective capital allocation.
Evergy's Q1 earnings report shows a significant increase in profits and sales compared to the previous quarter. The positive ROCE of 0.02% indicates that the company is effectively allocating its capital, which is a positive sign for investors. This could lead to higher returns and earnings per share growth in the future, making it likely that the stock price will go up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100