Evergy (NASDAQ:EVRG) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$1.45b (up 6.9% from 2Q 2023).

• Net income: US$207.0m (up 16% from 2Q 2023).

• Profit margin: 14% (up from 13% in 2Q 2023). The increase in margin was driven by higher revenue.

• EPS: US$0.90 (up from US$0.78 in 2Q 2023).

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

Evergy Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 6.6%. Earnings per share (EPS) also surpassed analyst estimates by 3.4%.

Looking ahead, revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Electric Utilities industry in the US.

Performance of the American Electric Utilities industry.

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

Risk Analysis

Be aware that Evergy is showing 2 warning signs in our investment analysis and 1 of those is significant...

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