Evergy, Inc. has reported its earnings for the first quarter, showing a decrease from the previous year and falling short of analysts' predictions.
The energy firm's net income reached $122.7 million, equivalent to $0.53 per share. This shows a decline from the first quarter of last year when the company amassed a total of $142.6 million, or $0.62 per share.
When excluding particular items, Evergy, Inc. noted adjusted earnings of $124.7 million, or $0.54 per share for this quarter.
On average, analysts had anticipated the company to earn $0.64 per share, according to figures gathered by Thomson Reuters. It should be noted, these estimates usually exclude any special items.
A quick look at Evergy, Inc.'s earnings based on Generally Accepted Accounting Principles (GAAP) reveals:
- First-quarter earnings reached $122.7 million, compared to $142.6 million during the same period last year.
- Earnings per share (EPS) for the first quarter were $0.53, down from $0.62 during the same period last year.
As for future financial prospects, Evergy, Inc. predicts its full-year EPS to range from $3.73 to $3.93.