Evergy reaffirms 2026 adjusted EPS guidance of $4.14 to $4.34
Company maintains long-term adjusted EPS growth target of 6% to 8%+ through 2030
Evergy expects annual EPS growth to exceed 8% from 2028 through 2030
Overview
U.S. electric utility's Q2 adjusted EPS rose yr/yr, beating analyst expectations
Company reaffirmed 2026 adjusted EPS guidance of $4.14 to $4.34
Q2 results aided by regulated investment recovery and higher large customer revenues
Analyst coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the electric utilities peer group is "buy"
Wall Street's median 12-month price target for Evergy, Inc. is $91.50, about 10.2% above its August 5 closing price of $83.06
The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 19 three months ago
Result drivers and key details
REGULATED INVESTMENT RECOVERY - Co said Q2 adjusted EPS benefited from recovery of regulated investments
LARGE CUSTOMER REVENUES - Co said higher large customer revenues contributed to Q2 adjusted EPS growth
HIGHER OPERATING COSTS - Co said higher operations and maintenance expense and higher depreciation and amortization expense partially offset favorable results
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