SCANA Corporation is scheduled to report third-quarter 2018 results on Oct 25, before the opening bell.
Although SCANA beat the Zacks Consensus Estimate in two of the last four quarters, it delivered an average negative surprise of 0.6%.
Notably, the company paid a dividend of 12.37 cents per share in the third quarter of 2018.
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 third-quarter earnings of 83 cents remained stable in the past 60 days. This reflects a year-over-year decline of 28.5%.
Factors Likely to Influence Q3 Earnings
SCANA sells electricity to around 727,000 customers. The operations of the company also comprise distributing natural gas to around 1.3 million clients in South Carolina, North Carolina and Georgia. The company operates primarily through three segments: South Carolina Electric & Gas Company, PSNC Energy, and SCANA Energy Marketing.
SCANA’s merger deal with larger peer Dominion Energy Inc. raised customers’ optimism. Upon the closure of the deal, Dominion is expected to make a payment of $1.3 billion to SCANA’s customers. Hence, on an average, each client of SCANA is likely to receive $1000. Additionally, the company decided to lower customer bills by 5%. Moreover, Dominion decided not to ask customers to pay $1.7-billion capital related to the failed nuclear project. This is expected to enhance shareholders’ value. The positives from this merger are likely to be reflected in its upcoming quarterly results.
In September, Hurricane Florence hit the service territory of SCANA. Earlier, the company announced that its service region could face flooding, along with strong wind and heavy rains. Outage of electricity was a possibility, per the company. The utility company had 2,900 personnel ready to deal with the expected outages. The effect of the hurricane is expected to be incorporated in the company’s to-be-reported quarter’s results.
Earnings Whispers
Our proven model does not conclusively show that SCANA will beat estimates in the to-be-reported 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.
Earnings 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 currently carries a Zacks Rank #3. Though a Zacks Rank of #3 increases the predictive power of ESP, a negative ESP makes surprise prediction difficult.
Please note that we caution against stocks with a Zacks Rank #4 or 5 (Sell rated) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Stocks to Consider
Here are some companies, which, according to our model, have the right combination of elements to post an earnings beat in the to-be-reported quarter:
Plano, TX-based Denbury Resources Inc. has a Zacks Rank #1 and an Earnings ESP of +13.04%. The company will report third-quarter earnings on Nov 6. You can see the complete list of today’s Zacks #1 Rank stocks here.
Woodlands, TX-based Anadarko Petroleum Corporation holds a Zacks Rank #2 and has an Earnings ESP of +1.90%. The company is scheduled to report third-quarter earnings on Oct 30.
Oklahoma City, OK-based Chaparral Energy, Inc. carries a Zacks Rank #2 and has an Earnings ESP of +71.43%. The company is anticipated to report quarterly results on Nov 13.
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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.
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SCANA (SCG) to Report Q3 Earnings: What's in the Cards?
SCANA Corporation is scheduled to report third-quarter 2018 results on Oct 25, before the opening bell.
Although SCANA beat the Zacks Consensus Estimate in two of the last four quarters, it delivered an average negative surprise of 0.6%.
Notably, the company paid a dividend of 12.37 cents per share in the third quarter of 2018.
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 third-quarter earnings of 83 cents remained stable in the past 60 days. This reflects a year-over-year decline of 28.5%.
Factors Likely to Influence Q3 Earnings
SCANA sells electricity to around 727,000 customers. The operations of the company also comprise distributing natural gas to around 1.3 million clients in South Carolina, North Carolina and Georgia. The company operates primarily through three segments: South Carolina Electric & Gas Company, PSNC Energy, and SCANA Energy Marketing.
SCANA’s merger deal with larger peer Dominion Energy Inc. raised customers’ optimism. Upon the closure of the deal, Dominion is expected to make a payment of $1.3 billion to SCANA’s customers. Hence, on an average, each client of SCANA is likely to receive $1000. Additionally, the company decided to lower customer bills by 5%. Moreover, Dominion decided not to ask customers to pay $1.7-billion capital related to the failed nuclear project. This is expected to enhance shareholders’ value. The positives from this merger are likely to be reflected in its upcoming quarterly results.
In September, Hurricane Florence hit the service territory of SCANA. Earlier, the company announced that its service region could face flooding, along with strong wind and heavy rains. Outage of electricity was a possibility, per the company. The utility company had 2,900 personnel ready to deal with the expected outages. The effect of the hurricane is expected to be incorporated in the company’s to-be-reported quarter’s results.
Earnings Whispers
Our proven model does not conclusively show that SCANA will beat estimates in the to-be-reported 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.
Earnings 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 currently carries a Zacks Rank #3. Though a Zacks Rank of #3 increases the predictive power of ESP, a negative ESP makes surprise prediction difficult.
Please note that we caution against stocks with a Zacks Rank #4 or 5 (Sell rated) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Stocks to Consider
Here are some companies, which, according to our model, have the right combination of elements to post an earnings beat in the to-be-reported quarter:
Plano, TX-based Denbury Resources Inc. has a Zacks Rank #1 and an Earnings ESP of +13.04%. The company will report third-quarter earnings on Nov 6. You can see the complete list of today’s Zacks #1 Rank stocks here.
Woodlands, TX-based Anadarko Petroleum Corporation holds a Zacks Rank #2 and has an Earnings ESP of +1.90%. The company is scheduled to report third-quarter earnings on Oct 30.
Oklahoma City, OK-based Chaparral Energy, Inc. carries a Zacks Rank #2 and has an Earnings ESP of +71.43%. The company is anticipated to report quarterly results on Nov 13.
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>>