Evergy Inc
EVRG: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$88.00 | Chtzwc | Njgzyjrd |
Evergy's 2022 Earnings on Track; Regulatory Uncertainty Builds Going Into 2023
We are reaffirming our $63 per share fair value estimate for Evergy after the company announced earning $2.01 per share on an adjusted basis in the third quarter. Year-to-date EPS is $3.43, up 2% from the same period in 2021. Evergy remains on track to meet our full-year 2022 outlook, in line with management's $3.53-$3.63 EPS guidance range. We are reaffirming our narrow moat and stable moat trend ratings.