Evergy Third Quarter 2024 Earnings: Revenues Disappoint

Simply Wall St.11-09

Evergy (NASDAQ:EVRG) Third Quarter 2024 Results Key Financial Results Revenue: US$1.81b (up 8.5% from 3Q 2023). Net income: US$465.6m (up 32% from 3Q 2023). Profit margin: 26% (up from 21% in 3Q 2023...

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The increase in margin was driven by higher revenue.NasdaqGS:EVRG Earnings and Revenue Growth November 9th 2024. All figures shown in the chart above are for the trailing 12 month  period. Revenue missed analyst estimates by 24%. Earnings per share  was mostly in line with analyst estimates.Looking ahead, revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Electric Utilities industry in the US.The company's shares are up 4.9% from a week ago.Before we wrap up, we've discovered 3 warning signs for Evergy (1 is a bit concerning!","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"EVRG":"西星能源"},"translate_title":"Evergy 2024年第三季度收益：收入令人失望","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EVRG":0.9},"content_text":"Evergy (NASDAQ:EVRG) Third Quarter 2024 Results\nKey Financial Results\n\nRevenue: US$1.81b (up 8.5% from 3Q 2023).\nNet income: US$465.6m (up 32% from 3Q 2023).\nProfit margin: 26% (up from 21% in 3Q 2023). The increase in margin was driven by higher revenue.\nEPS: US$2.02 (up from US$1.53 in 3Q 2023).\n\n\n\n\n  NasdaqGS:EVRG Earnings and Revenue Growth November 9th 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nEvergy Revenues Disappoint\n Revenue missed analyst estimates by 24%. Earnings per share (EPS) was mostly in line with analyst estimates. \n Looking ahead, revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Electric Utilities industry in the US. \nPerformance of the American Electric Utilities industry.\n The company's shares are up 4.9% from a week ago. \nRisk Analysis\n Before we wrap up, we've discovered 3 warning signs for Evergy (1 is a bit concerning!) that you should be aware of. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2482866428"}