We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Southern Company (SO) Q1 Earnings, Revenue Beat Estimate
Read MoreHide Full Article
An Earnings Beat: Electric utility firm Southern Company (SO - Free Report) reported earnings per share (excluding certain one-time items) of 88 cents, ahead of the Zacks Consensus Estimate of 84 cents.
Estimate Revision Trend & Surprise History: The Zacks Consensus Estimate for the quarter has been unchanged in the last seven days.
Southern Company has an excellent earnings surprise history. Before posting the earnings beat in Q1, the utility delivered positive surprises in each of the prior four quarters, as shown in the chart below:
Revenue Came in Higher than Expected: Revenues of $6,372 million went past the Zacks Consensus Estimate of $5,700 million.
Key Stats: Southern Company’s total retail sales rose 8.1%, with residential, commercial and industrial sales all improving. This brought about an upward movement in overall electricity sales and usage. Total electricity sales during the first quarter soared 10.1% from the same period last year. Meanwhile, total wholesale sales jumped 16.5% year over year.
The power supplier’s operations and maintenance cost increased 4.9% to $1,451 million, while the utility’s total operating expense for the period – at $4,996 million – was up 10.6% from the prior-year level.
Zacks Rank: Currently, Southern Company carries a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement. While things apparently look favorable, it all depends on what sense the just-released report makes to the analysts.
Check back later for our full write up on this Southern Company earnings report later!
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
Image: Bigstock
Southern Company (SO) Q1 Earnings, Revenue Beat Estimate
An Earnings Beat: Electric utility firm Southern Company (SO - Free Report) reported earnings per share (excluding certain one-time items) of 88 cents, ahead of the Zacks Consensus Estimate of 84 cents.
Estimate Revision Trend & Surprise History: The Zacks Consensus Estimate for the quarter has been unchanged in the last seven days.
Southern Company has an excellent earnings surprise history. Before posting the earnings beat in Q1, the utility delivered positive surprises in each of the prior four quarters, as shown in the chart below:
Southern Company (The) Price and EPS Surprise
Southern Company (The) Price and EPS Surprise | Southern Company (The) Quote
Revenue Came in Higher than Expected: Revenues of $6,372 million went past the Zacks Consensus Estimate of $5,700 million.
Key Stats: Southern Company’s total retail sales rose 8.1%, with residential, commercial and industrial sales all improving. This brought about an upward movement in overall electricity sales and usage. Total electricity sales during the first quarter soared 10.1% from the same period last year. Meanwhile, total wholesale sales jumped 16.5% year over year.
The power supplier’s operations and maintenance cost increased 4.9% to $1,451 million, while the utility’s total operating expense for the period – at $4,996 million – was up 10.6% from the prior-year level.
Zacks Rank: Currently, Southern Company carries a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement. While things apparently look favorable, it all depends on what sense the just-released report makes to the analysts.
(You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.)
Check back later for our full write up on this Southern Company earnings report later!
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>