Evergy, Inc. (NASDAQ:EVRG) just released its latest annual report and things are not looking great. It wasn't a great result overall - while revenue fell marginally short of analyst estimates at US$5.5b, statutory earnings missed forecasts by 14%, coming in at just US$3.17 per share. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.

See our latest analysis for Evergy

After the latest results, the five analysts covering Evergy are now predicting revenues of US$5.89b in 2024. If met, this would reflect a credible 7.0% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to surge 21% to US$3.84. In the lead-up to this report, the analysts had been modelling revenues of US$5.89b and earnings per share (EPS) of US$3.83 in 2024. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.

There were no changes to revenue or earnings estimates or the price target of US$55.90, suggesting that the company has met expectations in its recent result. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. Currently, the most bullish analyst values Evergy at US$65.00 per share, while the most bearish prices it at US$51.00. Still, with such a tight range of estimates, it suggeststhe analysts have a pretty good idea of what they think the company is worth.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Evergy's past performance and to peers in the same industry. It's clear from the latest estimates that Evergy's rate of growth is expected to accelerate meaningfully, with the forecast 7.0% annualised revenue growth to the end of 2024 noticeably faster than its historical growth of 3.9% p.a. over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 3.8% annually. Factoring in the forecast acceleration in revenue, it's pretty clear that Evergy is expected to grow much faster than its industry.