Evergy (EVRG)

NASDAQUtilitiesRegulated ElectricSnapshot 2026-10-15

$83.30+2.12%

Close 2026-10-16 · 1-day change

Read the published Living FV report summary

Investment OutlookAs of Oct 15, 2026

What could strengthen or challenge Evergy’s outlook?

The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.

Higher potential upsideImproving expectations

Next-FY EPS estimate change · 30 days

-0.0%

+10% or more+5%0%−5%−10% or less

4.56 → 4.56 EPS · FY ending Dec 31, 2027 · 6 analysts

Higher risk of downsideWeakening expectations

One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.

How this is measured

Change in the same fiscal period’s mean EPS estimate from Sep 15, 2026 to Oct 15, 2026: (new ÷ prior − 1). Contributor count changed from 6 to 6; this is not the number of analysts revising. Source: FMP consensus snapshots. The ±10% axis is a display range.

Living FV™

Living Fair Value by QuarterlyIQ

A valuation that evolves as the business changes.

A published Living FV snapshot is not available yet. The valuation workflow remains discoverable; a market target cannot supply the missing evidence.

View Living FV report and workflow

What the Thesis Depends On

Three key conditions need to be met for the investment thesis to play out.

Key Factor	Why It Matters	Current Status	Break Condition	Latest Evidence
Maintain dividend yield near 3%	A supporting condition in Evergy's published investment case. The stated target is Dividend yield around 3%.	Intact	Dividend yield falls below 2.5% or is cut	Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Source date unavailableLast status assessment Oct 15, 2026Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.
2026 adjusted EPS in range $4.14 to $4.34	A primary condition in Evergy's published investment case. The stated target is EPS between $4.14 and $4.34.	Under Pressure	EPS falls below $4.14 in FY26	Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Source date unavailableLast status assessment Oct 15, 2026Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management context Stated as a priority in 4 of last 4 quarters. Evergy reaffirmed its 2026 adjusted EPS guidance range of $4.14 to $4.34 from 2025-Q4 through 2026-Q2, with a long-term annual EPS growth target of 6% to 8%+ through 2030. The trajectory matches management's stated guidance, with adjusted EPS per share increasing from $0.55 in 2025-Q1 to $0.88 in 2026-Q2, indicating delivery on this priority. Delivery assessment Oct 15, 2026
No major negative regulatory changes	A primary condition in Evergy's published investment case. The stated target is No new adverse regulatory rulings or laws.	Under Pressure	Significant regulatory rulings hurt competitive bidding or costs	Qualitative: 1 adverse legislative event (Jun 2026) vs 0 target June 2026 news reports Kansas legislators challenging federal energy regulators on competitive bids. Recent Q2 earnings beat and EPS guidance reaffirm financial health. Context reviewed through Oct 15, 2026Last status assessment Oct 15, 2026Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.

Stored thesis · Jul 8, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.

Incoming Evidence

Compare these dated observations with the operating requirements above

Expectations trend

Same fiscal period

FY2027 · fiscal year ending 2027-12-31 · fmp

FY2027 EPS$4.56

$4.56 → $4.56 · observed estimates

FY2027 revenue$6.63B

$6.61B → $6.63B · observed estimates

Exact estimates & source dates

One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.

FY2027 estimate observations · fmp
Snapshot	EPS	Revenue	EPS / revenue analysts
2026-07-24	$4.56	$6,607,969,317	7 / 7
2026-07-25	$4.56	$6,623,124,020	13 / 10
2026-07-26	$4.56	$6,623,124,020	13 / 10
2026-07-27	$4.56	$6,623,124,020	13 / 10
2026-07-28	$4.56	$6,609,582,243	7 / 7
2026-07-29	$4.56	$6,623,124,020	13 / 10
2026-07-30	$4.56	$6,623,124,020	13 / 10
2026-07-31	$4.56	$6,623,124,020	13 / 10
2026-08-01	$4.56	$6,609,582,243	7 / 7
2026-08-02	$4.56	$6,623,124,020	13 / 10
2026-08-03	$4.56	$6,623,124,020	13 / 10
2026-08-04	$4.56	$6,609,582,243	7 / 7
2026-08-05	$4.56	$6,623,124,020	13 / 10
2026-08-06	$4.56	$6,609,582,243	7 / 7
2026-08-07	$4.56	$6,609,582,243	7 / 7
2026-08-08	$4.56	$6,623,124,020	13 / 10
2026-08-09	$4.56	$6,623,124,020	13 / 10
2026-08-10	$4.56	$6,609,582,243	7 / 7
2026-08-11	$4.56	$6,629,785,580	12 / 9
2026-08-12	$4.57	$6,628,806,030	12 / 9
2026-08-13	$4.57	$6,628,806,030	12 / 9
2026-08-14	$4.56	$6,609,582,243	7 / 7
2026-08-15	$4.56	$6,609,582,243	7 / 7
2026-08-16	$4.56	$6,609,582,243	7 / 7
2026-08-17	$4.56	$6,609,582,243	7 / 7
2026-08-18	$4.56	$6,609,582,243	6 / 6
2026-08-19	$4.56	$6,609,582,243	6 / 6
2026-08-20	$4.56	$6,633,085,216	6 / 6
2026-08-21	$4.56	$6,633,085,216	6 / 6
2026-08-22	$4.56	$6,633,085,216	6 / 6
2026-08-23	$4.56	$6,633,085,216	6 / 6
2026-08-24	$4.56	$6,633,085,216	6 / 6
2026-08-25	$4.56	$6,633,085,216	6 / 6
2026-08-26	$4.56	$6,633,085,216	6 / 6
2026-08-27	$4.56	$6,633,085,216	6 / 6
2026-08-28	$4.56	$6,633,085,216	6 / 6
2026-08-29	$4.56	$6,633,085,216	6 / 6
2026-08-30	$4.56	$6,633,085,216	6 / 6
2026-08-31	$4.56	$6,633,085,216	6 / 6
2026-09-01	$4.56	$6,633,085,216	6 / 6
2026-09-02	$4.56	$6,633,085,216	6 / 6
2026-09-03	$4.56	$6,633,085,216	6 / 6
2026-09-04	$4.56	$6,633,085,216	6 / 6
2026-09-05	$4.56	$6,633,085,216	6 / 6
2026-09-06	$4.56	$6,633,085,216	6 / 6
2026-09-07	$4.56	$6,633,085,216	6 / 6
2026-09-08	$4.56	$6,633,085,216	6 / 6
2026-09-09	$4.56	$6,633,085,216	6 / 6
2026-09-10	$4.56	$6,633,085,216	6 / 6
2026-09-11	$4.56	$6,633,085,216	6 / 6
2026-09-12	$4.56	$6,633,085,216	6 / 6
2026-09-13	$4.56	$6,633,085,216	6 / 6
2026-09-14	$4.56	$6,633,085,216	6 / 6
2026-09-15	$4.56	$6,633,085,216	6 / 6
2026-09-16	$4.56	$6,633,085,216	6 / 6
2026-09-17	$4.56	$6,633,085,216	6 / 6
2026-09-18	$4.56	$6,633,085,216	6 / 6
2026-09-19	$4.56	$6,633,085,216	6 / 6
2026-09-20	$4.56	$6,633,085,216	6 / 6
2026-09-21	$4.56	$6,633,085,216	6 / 6
2026-09-22	$4.56	$6,633,085,216	6 / 6
2026-09-23	$4.56	$6,633,085,216	6 / 6
2026-09-24	$4.56	$6,633,085,216	6 / 6
2026-09-25	$4.56	$6,633,085,216	6 / 6
2026-09-26	$4.56	$6,633,085,216	6 / 6
2026-09-27	$4.56	$6,633,085,216	6 / 6
2026-09-28	$4.56	$6,633,085,216	6 / 6
2026-09-29	$4.56	$6,633,085,216	6 / 6
2026-09-30	$4.56	$6,633,085,216	6 / 6
2026-10-01	$4.56	$6,633,085,216	6 / 6
2026-10-02	$4.56	$6,633,085,216	6 / 6
2026-10-03	$4.56	$6,633,085,216	6 / 6
2026-10-04	$4.56	$6,633,085,216	6 / 6
2026-10-05	$4.56	$6,633,085,216	6 / 6
2026-10-06	$4.56	$6,633,085,216	6 / 6
2026-10-07	$4.56	$6,633,085,216	6 / 6
2026-10-08	$4.56	$6,633,085,216	6 / 6
2026-10-09	$4.56	$6,633,085,216	6 / 6
2026-10-10	$4.56	$6,633,085,216	6 / 6
2026-10-11	$4.56	$6,633,085,216	6 / 6
2026-10-12	$4.56	$6,633,085,216	6 / 6
2026-10-13	$4.56	$6,633,085,216	6 / 6
2026-10-14	$4.56	$6,633,085,216	6 / 6
2026-10-15	$4.56	$6,633,085,216	6 / 6

Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.

Compare required revenue and earnings

Analyst view

Monthly observations

Buy / Strong BuyHoldSell / Strong Sell

Exact monthly counts

Monthly rating snapshots · fmp. Missing snapshots are not zero.
Date	Buy*	Hold	Sell*
2026-05-01	8	6	0
2026-06-01	8	6	1
2026-07-01	8	5	1
2026-08-01	8	5	1
2026-09-01	8	5	0
2026-10-01	8	5	0

*Buy includes Strong Buy; Sell includes Strong Sell. Monthly counts describe the analyst mix, not the firms behind each recent action.

Latest: 8 Buy / Strong Buy · 5 Hold · 0 Sell / Strong Sell

0 upgrades0 downgrades1 maintains

Recent actions · Sep 16–Oct 15 · 1 recorded

Price-target changes

30 days

○ Previous · ● Latest · common dollar scale

D.A. DavidsonOct 13

$85.00New observation · no comparable prior

BMO CapitalOct 13

$85.00New observation · no comparable prior

$0$46.75$93.50

0 raises · 0 cuts · 0 unchanged · 2 without a comparable prior

How this is measured

Sep 16, 2026–Oct 15, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.

Outlook in Brief

The evidence, the remaining questions, and what comes next

What's improving

No recovery evidence is reported in the available driver assessments.

Still unresolved / key risks

Maintain dividend yield near 3%Direct metric needs a verified mapping
2026 adjusted EPS in range $4.14 to $4.34Published status: Under Pressure
No major negative regulatory changesPublished status: Under Pressure

Next proof point

Nov 5, 2026

Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.

Review earnings

Bottom line

3 of 3 published conditions remain under pressure or need verification. The next results need to address those conditions.

The dated weekly assessment and its assumptions are available in Read detailed Outlook.

Historical risk context

Observed price history; separate from operating scenarios

Price sensitivity

0.7%Typical daily move · historical

Downside history

-11.9%Maximum drawdown · trailing year

Read detailed Outlook Company context, assumptions & risks

Evergy outlook in detail

The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.

Updated Oct 10, 2026

What kind of bet this is

This investment represents a cautious view on a utility company with a focus on steady earnings and dividends. The current thesis reflects a medium confidence level, influenced by recent performance and sector dynamics.

What's priced into Evergy

The market appears to price EVRG as relatively cheap compared to its peers, with a low expectations gap. However, the valuation is justified given the current fundamentals and sector backdrop.

What the fundamentals likely do

Management has reaffirmed its adjusted EPS guidance, indicating a commitment to growth. However, recent financial performance has been neutral, and there is a low probability of missing guidance, though the company has faced challenges compared to peers.

What Evergy hinges on

The long-term thesis hinges on external factors such as potential Federal Reserve rate cuts and the performance of sector leaders. Additionally, any changes in guidance during upcoming calls could significantly impact investor sentiment.