Fubotv earnings beat by $0.10, revenue topped estimates
Investing.com - Mizuho (NYSE:MFG) raised its price target on Evergy (NASDAQ:EVRG) to $77.00 from $74.00 on Friday, while maintaining an Outperform rating on the electric utility stock. The stock, currently trading near its 52-week high of $73.97, has delivered an impressive 28.8% total return over the past year.
The price target increase follows Evergy’s second-quarter earnings report, where the company posted earnings per share of $0.82, exceeding the consensus estimate of $0.74. Evergy reaffirmed its 2025 adjusted EPS guidance range of $3.92-$4.12. According to InvestingPro, the company maintains strong profitability with a 52.2% gross margin and has consistently paid dividends for 34 consecutive years.
The company also confirmed its long-term EPS growth rate of 4%-6% through 2029, guiding toward the upper half of this growth range beginning in 2026. Evergy continues to experience strong large-load customer demand in its service territory.
Mizuho highlighted Evergy’s generation investment pipeline, which is not included in the company’s current capital plan. The firm considers Evergy one of its top picks in the electric utilities sector.
Evergy shares currently trade at approximately 2% P/E discount to the utility group, with Mizuho suggesting the stock could re-rate to a mid-single-digit premium as Kansas regulation improves and if the company raises its EPS growth rate in line with mid-cap peers.
In other recent news, Evergy, Inc. reported its Q2 2025 earnings, revealing adjusted earnings per share (EPS) of $0.82, which fell short of the forecasted $0.88. The company’s revenue also missed expectations, coming in at $1.43 billion compared to the anticipated $1.44 billion. Despite these shortfalls, Evergy reaffirmed its full-year EPS guidance, indicating confidence in its financial outlook. The company also shared its ambitious growth and infrastructure plans, aiming to enhance its long-term performance. These developments have been closely watched by investors and analysts alike. While the company’s stock showed a slight increase, specific stock price movements are not the focus here. Investors are likely to keep an eye on Evergy’s future performance, especially in light of these recent earnings results.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.