Evergy Q2 Tops Earnings Estimates, Reaffirms FY23 Guidance
Portfolio Pulse from Lekha Gupta
Evergy Inc reported a Q2 revenue decline of 6.4% Y/Y to $1.35 billion, beating the consensus of $1.24 billion. Adjusted EPS of $0.81, down from $0.84, exceeded the consensus of $0.79. The company's Board of Directors declared a dividend per share of $0.6125. Evergy reiterated 2023 adjusted EPS of $3.55-$3.75 vs. consensus of $3.63 and reaffirmed its long-term adjusted EPS annual growth target of 6% to 8% through 2025.
August 04, 2023 | 3:33 pm
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POSITIVE IMPACT
Evergy's Q2 results beat estimates, with a dividend declared and reaffirmed future earnings targets. This could boost investor confidence and potentially impact the stock positively in the short term.
Evergy's Q2 results exceeded expectations, which is generally a positive signal to investors. The declaration of a dividend is also a positive sign as it indicates the company's profitability and commitment to returning capital to shareholders. The reaffirmation of future earnings targets suggests management's confidence in the company's performance, which could further boost investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100