It has been about a month since the last earnings report for Evergy Inc (EVRG). Shares have lost about 4.2% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Evergy due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Evergy's Q2 Earnings Miss Estimates, Increase Y/YEvergy, Inc. reported second-quarter 2020 operating earnings of 68 cents per share, which lagged the Zacks Consensus Estimate of 70 cents by 2.9%. However, the reported earnings were up 17.2% year over year due to favorable weather, and lower operation and maintenance expenses due to continued cost management as well as fewer shares outstanding. GAAP earnings for the reported quarter were 59 cents compared with 57 cents in the year-ago period.Total RevenuesEvergy’s total revenues came in at $1,184.7 million, reflecting a decline of 3.02% from the year-ago-quarter’s $1,221.7 million.Highlights of the ReleaseTotal operating expenses were $913 million, down 3.9% from the year-ago quarter’s $950 million owing to lower fuel and purchased power, along with operating and maintenance costs.Interest expenses for the reported quarter were $99.5 million, up 4.3% from the year-ago level.Evergy, through the Sustainability Transformation Plan, is likely to make capital investment of $8.9 billion in the 2020-2024 time period and reduce operation as well as maintenance expenses by $330 million through 2024 by effective cost management. Through this plan, the company is targeting dividend growth to be in line with earnings growth, with a payout range of 60-70%.Financial UpdateCash and cash equivalents as of Jun 30, 2020 were $176.2 million compared with $23.2 million at 2019-end.Long-term debt as of Jun 30, 2020 was $9,281.2 million compared with $8,746.7 million at 2019-end.Cash from operating activities for first-half of 2020 was $522.5 million compared with $633.7 million in the prior-year comparable period.GuidanceEvergy issued its 2020 operating earnings per share guidance in the range of $2.90-$3.10. How Have Estimates Been Moving Since Then?Analysts were quiet during the last two month period as none of them issued any earnings estimate revisions.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Evergy Inc. (EVRG): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research