2024-01-30 07:02:56 ET
Summary
- Utilities, communications, and consumer discretionary sectors have reported strong earnings growth in Q4 2023.
- Electric utilities within the utilities sector offer potential attractive valuations and robust cash flow yields.
- Evergy presents with a neutral view due to balancing factors such as capital inefficiency and high leverage.
Investment briefing
At the end of Q3 2023, our research pointed to the utilities sector as an attractive risk/reward calculus for the proceeding 12 months (Figure 1). Now firmly into the next earnings cycle, FactSet analysis has found that 5 from 11 sectors have reported Q4 2023 numbers to date, with utilities among the leaders in earnings growth, along with communications and consumer discretionary....
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Evergy: FCF Per Share Clamped With $9B Equity Holding Up $30B In Assets