Evergy Q3 Adj EPS $1.88 Beats $1.83 Estimate, Sales $1.67B Miss $1.92B Estimate
Portfolio Pulse from Benzinga Newsdesk
Evergy reported Q3 adjusted earnings of $1.88 per share, beating the analyst consensus estimate of $1.83 by 2.73%. However, this is a 6.47% decrease from the same period last year. The company's quarterly sales of $1.67 billion missed the analyst consensus estimate of $1.92 billion by 13.07%, marking a 12.57% decrease from the same period last year.
November 07, 2023 | 11:42 am
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NEGATIVE IMPACT
Evergy's Q3 earnings beat estimates but are down YoY. Sales missed estimates and are down YoY.
Evergy's earnings beat estimates, which is positive. However, the YoY decrease in earnings and the miss on sales estimates, coupled with a YoY decrease in sales, are negative indicators. This could potentially lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100