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Southern Co. (SO) Stock Sinks As Market Gains: What You Should Know
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Southern Co. (SO - Free Report) closed at $66.86 in the latest trading session, marking a -0.39% move from the prior day. This change lagged the S&P 500's daily gain of 1.19%. Elsewhere, the Dow gained 0.76%, while the tech-heavy Nasdaq added 0.29%.
Heading into today, shares of the power company had lost 6.44% over the past month, lagging the Utilities sector's gain of 1.09% and the S&P 500's gain of 4.06% in that time.
Investors will be hoping for strength from Southern Co. as it approaches its next earnings release, which is expected to be February 16, 2023. The company is expected to report EPS of $0.24, down 33.33% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $6.08 billion, up 5.47% from the year-ago period.
Investors should also note any recent changes to analyst estimates for Southern Co.These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.45% lower. Southern Co. is currently a Zacks Rank #4 (Sell).
Looking at its valuation, Southern Co. is holding a Forward P/E ratio of 18.01. This represents a premium compared to its industry's average Forward P/E of 17.19.
It is also worth noting that SO currently has a PEG ratio of 4.5. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Utility - Electric Power was holding an average PEG ratio of 3.17 at yesterday's closing price.
The Utility - Electric Power industry is part of the Utilities sector. This group has a Zacks Industry Rank of 145, putting it in the bottom 43% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Southern Co. (SO) Stock Sinks As Market Gains: What You Should Know
Southern Co. (SO - Free Report) closed at $66.86 in the latest trading session, marking a -0.39% move from the prior day. This change lagged the S&P 500's daily gain of 1.19%. Elsewhere, the Dow gained 0.76%, while the tech-heavy Nasdaq added 0.29%.
Heading into today, shares of the power company had lost 6.44% over the past month, lagging the Utilities sector's gain of 1.09% and the S&P 500's gain of 4.06% in that time.
Investors will be hoping for strength from Southern Co. as it approaches its next earnings release, which is expected to be February 16, 2023. The company is expected to report EPS of $0.24, down 33.33% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $6.08 billion, up 5.47% from the year-ago period.
Investors should also note any recent changes to analyst estimates for Southern Co.These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.45% lower. Southern Co. is currently a Zacks Rank #4 (Sell).
Looking at its valuation, Southern Co. is holding a Forward P/E ratio of 18.01. This represents a premium compared to its industry's average Forward P/E of 17.19.
It is also worth noting that SO currently has a PEG ratio of 4.5. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Utility - Electric Power was holding an average PEG ratio of 3.17 at yesterday's closing price.
The Utility - Electric Power industry is part of the Utilities sector. This group has a Zacks Industry Rank of 145, putting it in the bottom 43% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.