Evergy (NASDAQ:EVRG) First Quarter 2024 Results

Key Financial Results

• Revenue: US$1.33b (up 2.6% from 1Q 2023).

• Net income: US$122.7m (down 14% from 1Q 2023).

• Profit margin: 9.2% (down from 11% in 1Q 2023). The decrease in margin was driven by higher expenses.

• EPS: US$0.53 (down from US$0.62 in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Evergy Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates by 8.6%.

Looking ahead, revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Electric Utilities industry in the US.

Performance of the American Electric Utilities industry.

The company's shares are up 2.4% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Evergy (1 is concerning!) that you should be aware of.

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