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SCANA (SCG) to Report Q1 Earnings: What's in the Cards?
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SCANA Corporation is scheduled to report first-quarter 2018 results on Apr 26, before the opening bell.
Last quarter, the company delivered a positive earnings surprise of 3.1%. Moreover, SCANA beat the Zacks Consensus Estimate in two of the last four quarters, the average positive surprise being 1%.
Let’s take a look at the estimate revision trend to get a clear picture of what analysts feel about the upcoming earnings release.
The Zacks Consensus Estimate for first-quarter earnings of $1.44 has been stable over the last 30 days. The estimate reflects a year-over-year rise of 21%.
Factors Likely to Influence Q1 Earnings
The company’s balance sheet fails to impress, with cash and equivalents totaling $409 million compared with debt of around $5.9 billion — net long-term debt. The underperformance was caused by the company’s decision to conclude construction works of units 2 and 3 at the VC Summer Nuclear Station.
SCANA was forced to discontinue the project after the builder of the plants, Westinghouse Electric Co, went bankrupt. SCANA also filed for withdrawing operating licenses of the units as a series of delays and mounting costs posed concerns.
Earnings Whispers
Our proven model does not show that SCANA will beat estimates this quarter. That is because a stock needs to have a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. That is not the case here as you will see below.
Zacks ESP: Earnings ESP, which represents the difference between the Most Accurate estimate and the Zacks Consensus Estimate, is 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: SCANA carries a Zacks Rank #5 (Strong Sell). Please note that we caution against stocks with a Zacks Rank #4 (Sell) or 5 going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Q1 Price Performance
During the quarter, SCANA’s shares have underperformed the industry. The company’s shares lost 5.6% compared with the industry’s 3.9% decline.
Stocks to Consider
Here are a couple of companies, which per our model, have the right combination of elements to post an earnings beat this quarter:
Solaris Oilfield Infrastructure, Inc. (SOI - Free Report) manufactures as well as provides patented mobile proppant management systems which unload, store and deliver proppant at oil and natural gas well sites. The company has an Earnings ESP of +6.28% and sports a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Continental Resources, Inc is an independent oil and natural gas exploration and production company. The company has an Earnings ESP of +10.56% and carries a Zacks Rank #3.
Houston, TX-based EOG Resources, Inc (EOG - Free Report) is a major independent oil and gas exploration and production company. The company has an Earnings ESP of +10.94% and a Zacks Rank #3.
Will You Make a Fortune on the Shift to Electric Cars? Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
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SCANA (SCG) to Report Q1 Earnings: What's in the Cards?
SCANA Corporation is scheduled to report first-quarter 2018 results on Apr 26, before the opening bell.
Last quarter, the company delivered a positive earnings surprise of 3.1%. Moreover, SCANA beat the Zacks Consensus Estimate in two of the last four quarters, the average positive surprise being 1%.
SCANA Corporation Price and EPS Surprise
SCANA Corporation Price and EPS Surprise | SCANA Corporation Quote
Which Way Are Estimates Treading?
Let’s take a look at the estimate revision trend to get a clear picture of what analysts feel about the upcoming earnings release.
The Zacks Consensus Estimate for first-quarter earnings of $1.44 has been stable over the last 30 days. The estimate reflects a year-over-year rise of 21%.
Factors Likely to Influence Q1 Earnings
The company’s balance sheet fails to impress, with cash and equivalents totaling $409 million compared with debt of around $5.9 billion — net long-term debt. The underperformance was caused by the company’s decision to conclude construction works of units 2 and 3 at the VC Summer Nuclear Station.
SCANA was forced to discontinue the project after the builder of the plants, Westinghouse Electric Co, went bankrupt. SCANA also filed for withdrawing operating licenses of the units as a series of delays and mounting costs posed concerns.
Earnings Whispers
Our proven model does not show that SCANA will beat estimates this quarter. That is because a stock needs to have a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. That is not the case here as you will see below.
Zacks ESP: Earnings ESP, which represents the difference between the Most Accurate estimate and the Zacks Consensus Estimate, is 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: SCANA carries a Zacks Rank #5 (Strong Sell). Please note that we caution against stocks with a Zacks Rank #4 (Sell) or 5 going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Q1 Price Performance
During the quarter, SCANA’s shares have underperformed the industry. The company’s shares lost 5.6% compared with the industry’s 3.9% decline.
Stocks to Consider
Here are a couple of companies, which per our model, have the right combination of elements to post an earnings beat this quarter:
Solaris Oilfield Infrastructure, Inc. (SOI - Free Report) manufactures as well as provides patented mobile proppant management systems which unload, store and deliver proppant at oil and natural gas well sites. The company has an Earnings ESP of +6.28% and sports a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Continental Resources, Inc is an independent oil and natural gas exploration and production company. The company has an Earnings ESP of +10.56% and carries a Zacks Rank #3.
Houston, TX-based EOG Resources, Inc (EOG - Free Report) is a major independent oil and gas exploration and production company. The company has an Earnings ESP of +10.94% and a Zacks Rank #3.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>