Published on 29 Feb 2024 on Zacks via Yahoo Finance
Evergy (EVRG) Q4 Earnings Miss Estimates, '23 Sales Down Y/Y
Evergy, Inc. EVRG reported fourth-quarter 2023 operating earnings per share (EPS) of 27 cents, which lagged the Zacks Consensus Estimate of 30 cents by 10%. Earnings decreased 10% year over year.In 2023, EPS was $3.54 compared with $3.71 in the year-ago period. The year-over-year decline in EPS was due to higher interest expense, unfavorable weather, offset marginally by lower operations and maintenance expense, and higher corporate-owned life insurance proceeds.
Total Revenues
In 2023, revenues were down nearly 6% year over year to $5.5 billion.