Zacks Research Issues Negative Outlook for Evergy Earnings

Evergy, Inc. (NASDAQ:EVRG) – Zacks Research dropped their FY2026 earnings estimates for shares of Evergy in a report released on Monday, February 24th. Zacks Research analyst R. Department now expects that the company will post earnings of $4.25 per share for the year, down from their previous estimate of $4.26. The consensus estimate for Evergy’s current full-year earnings is $3.83 per share.

Other analysts also recently issued research reports about the stock. LADENBURG THALM/SH SH raised shares of Evergy from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $59.00 to $68.50 in a report on Thursday, January 2nd. Barclays cut their price objective on shares of Evergy from $65.00 to $62.00 and set an “overweight” rating for the company in a report on Monday, January 27th. Finally, Guggenheim raised shares of Evergy from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $65.36.

Evergy Stock Performance

Shares of EVRG stock opened at $69.05 on Thursday. The company has a market capitalization of $15.88 billion, a price-to-earnings ratio of 18.66, a PEG ratio of 2.82 and a beta of 0.66. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.55. The company has a 50-day simple moving average of $63.69 and a 200 day simple moving average of $62.08. Evergy has a 52 week low of $48.60 and a 52 week high of $69.58.

Evergy (NASDAQ:EVRG) last announced its earnings results on Thursday, February 27th. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.11). Evergy had a return on equity of 8.77% and a net margin of 14.77%.

Hedge Funds Weigh In On Evergy

Hedge funds and other institutional investors have recently made changes to their positions in the company. HighTower Advisors LLC raised its position in shares of Evergy by 391.1% in the 3rd quarter. HighTower Advisors LLC now owns 97,186 shares of the company’s stock valued at $6,030,000 after buying an additional 77,398 shares in the last quarter. Allworth Financial LP raised its position in shares of Evergy by 84.6% in the 4th quarter. Allworth Financial LP now owns 7,975 shares of the company’s stock valued at $501,000 after buying an additional 3,654 shares in the last quarter. Bank of Montreal Can raised its position in shares of Evergy by 29.1% in the 3rd quarter. Bank of Montreal Can now owns 997,832 shares of the company’s stock valued at $61,806,000 after buying an additional 224,679 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of Evergy by 34.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 945,148 shares of the company’s stock valued at $58,609,000 after buying an additional 239,599 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. raised its position in shares of Evergy by 23.1% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 10,692 shares of the company’s stock valued at $658,000 after buying an additional 2,004 shares in the last quarter. 87.24% of the stock is currently owned by institutional investors and hedge funds.

Evergy Company Profile

Evergy, Inc, together with its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in the United States. The company generates electricity through coal, landfill gas, uranium, and natural gas and oil sources, as well as solar, wind, other renewable sources. It serves residences, commercial firms, industrials, municipalities, and other electric utilities.