Investors interested in Utilities stocks should always be looking to find the best-performing companies in the group. Is Evergy Inc (EVRG) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Utilities peers, we might be able to answer that question.
Evergy Inc is a member of the Utilities sector. This group includes 109 individual stocks and currently holds a Zacks Sector Rank of #4. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Evergy Inc is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for EVRG's full-year earnings has moved 0.5% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, EVRG has gained about 25.5% so far this year. In comparison, Utilities companies have returned an average of 18.3%. As we can see, Evergy Inc is performing better than its sector in the calendar year.
Another Utilities stock, which has outperformed the sector so far this year, is Iberdrola S.A. (IBDRY). The stock has returned 46.8% year-to-date.
For Iberdrola S.A., the consensus EPS estimate for the current year has increased 3.4% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Evergy Inc belongs to the Utility - Electric Power industry, a group that includes 59 individual stocks and currently sits at #55 in the Zacks Industry Rank. Stocks in this group have gained about 19.4% so far this year, so EVRG is performing better this group in terms of year-to-date returns. Iberdrola S.A. is also part of the same industry.
Investors interested in the Utilities sector may want to keep a close eye on Evergy Inc and Iberdrola S.A. as they attempt to continue their solid performance.
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Evergy Inc. (EVRG): Free Stock Analysis Report Iberdrola S.A. (IBDRY): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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