Investors interested in Utilities stocks should always be looking to find the best-performing companies in the group. Has Southern (SO - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Southern is one of 122 individual stocks in the Utilities sector. Collectively, these companies sit at #5 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. SO is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for SO's full-year earnings has moved 0.29% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, SO has gained about 0.96% so far this year. Meanwhile, stocks in the Utilities group have lost about 0.84% on average. As we can see, Southern is performing better than its sector in the calendar year.
To break things down more, SO belongs to the Utility - Electric Power industry, a group that includes 65 individual companies and currently sits at #106 in the Zacks Industry Rank. On average, this group has lost an average of 1.11% so far this year, meaning that SO is performing better in terms of year-to-date returns.
Investors in the Utilities sector will want to keep a close eye on SO as it attempts to continue its solid performance.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Investors interested in Utilities stocks should always be looking to find the best-performing companies in the group. Has Southern (SO - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Southern is one of 122 individual stocks in the Utilities sector. Collectively, these companies sit at #5 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. SO is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for SO's full-year earnings has moved 0.29% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, SO has gained about 0.96% so far this year. Meanwhile, stocks in the Utilities group have lost about 0.84% on average. As we can see, Southern is performing better than its sector in the calendar year.
To break things down more, SO belongs to the Utility - Electric Power industry, a group that includes 65 individual companies and currently sits at #106 in the Zacks Industry Rank. On average, this group has lost an average of 1.11% so far this year, meaning that SO is performing better in terms of year-to-date returns.
Investors in the Utilities sector will want to keep a close eye on SO as it attempts to continue its solid performance.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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