Great Plains Energy Earnings: Here’s Why Investors are Buying Shares Now

Great Plains Energy Incorporated (NYSE:GXP) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 0.09%.

Great Plains Energy Incorporated Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 0% to $0.41 in the quarter versus EPS of $0.41 in the year-earlier quarter.

Revenue: Decreased 0.55% to $600.3 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Great Plains Energy Incorporated reported adjusted EPS income of $0.41 per share. By that measure, the company beat the mean analyst estimate of $0.4. It missed the average revenue estimate of $607.65 million.

Quoting Management: “We continue to see signs of improvement and believe the economy in our service territory is strengthening,” commented Terry Bassham, chairman and chief executive officer of Great Plains Energy. “Our employees continued to manage our system well and provided reliable customer service during the second quarter. Tight cost management and a decrease in interest expense contributed to the Company’s solid financial performance.”

Key Stats (on next page)…

Revenue increased 10.72% from $542.2 million in the previous quarter. EPS increased 141.18% from $0.17 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.84 to a profit $0.94. For the current year, the average estimate is a profit of $1.57, which is the same with that ninety days ago.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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