Revenue Beat: Evergy, Inc. Beat Analyst Estimates By 17%

Evergy, Inc. (NASDAQ:EVRG) defied analyst predictions to release its quarterly results, which were ahead of market expectations. Evergy beat expectations, with revenue hitting US$1.4b (17% ahead of estimates) and EPS reaching US$0.64 (a 6.7% beat). The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.

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After the latest results, the ten analysts covering Evergy are now predicting revenues of US$6.17b in 2026. If met, this would reflect an okay 2.4% improvement in revenue compared to the last 12 months. Per-share earnings are expected to swell 11% to US$4.23. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$6.24b and earnings per share (EPS) of US$4.25 in 2026. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.

See our latest analysis for Evergy

It will come as no surprise then, to learn that the consensus price target is largely unchanged at US$90.63. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. The most optimistic Evergy analyst has a price target of US$99.00 per share, while the most pessimistic values it at US$80.00. With such a narrow range of valuations, the analysts apparently share similar views on what they think the business is worth.

Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. It's clear from the latest estimates that Evergy's rate of growth is expected to accelerate meaningfully, with the forecast 3.2% annualised revenue growth to the end of 2026 noticeably faster than its historical growth of 1.8% p.a. over the past five years. Compare this with other companies in the same industry, which are forecast to see revenue growth of 7.1% annually. It seems obvious that, while the future growth outlook is brighter than the recent past, Evergy is expected to grow slower than the wider industry.

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The Bottom Line

The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse than the wider industry. The consensus price target held steady at US$90.63, with the latest estimates not enough to have an impact on their price targets.

Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. We have forecasts for Evergy going out to 2028, and you can see them free on our platform here.

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Evergy (1 doesn't sit too well with us) you should be aware of.

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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.

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