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Southern Company (SO) Q4 Earnings, Revenue Beat Estimate
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An Earnings Beat: Electric utility firm Southern Company (SO - Free Report) reported earnings per share (excluding certain one-time items) of 51 cents, ahead of the Zacks Consensus Estimate of 46 cents.
Estimate Revision Trend & Surprise History: Investors should note that the Zacks Consensus Estimate for the quarter has been unchanged in the last 30 days.
Southern Company has a good earnings surprise history. Before posting the earnings beat in Q4, the utility delivered positive surprises in three of the prior four quarters, as shown in the chart below:
Revenue Came in Higher than Expected: Revenues of $5,629 million went past the Zacks Consensus Estimate of $5,408 million.
Key Stats: Southern Company’s total retail sales rose 4.1%, 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 fourth quarter soared 10.5% from the same period last year. Meanwhile, total wholesale sales jumped 36.4% year over year.
The power supplier’s operations and maintenance cost decreased 3.6% to $1,565 million but the utility’s total operating expense for the period – at $4,835 million – was up 5.2% from the prior-year level.
Zacks Rank: Currently, Southern Company carries a Zacks Rank #4 (Sell) 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!
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Southern Company (SO) Q4 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 51 cents, ahead of the Zacks Consensus Estimate of 46 cents.
Estimate Revision Trend & Surprise History: Investors should note that the Zacks Consensus Estimate for the quarter has been unchanged in the last 30 days.
Southern Company has a good earnings surprise history. Before posting the earnings beat in Q4, the utility delivered positive surprises in three 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 $5,629 million went past the Zacks Consensus Estimate of $5,408 million.
Key Stats: Southern Company’s total retail sales rose 4.1%, 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 fourth quarter soared 10.5% from the same period last year. Meanwhile, total wholesale sales jumped 36.4% year over year.
The power supplier’s operations and maintenance cost decreased 3.6% to $1,565 million but the utility’s total operating expense for the period – at $4,835 million – was up 5.2% from the prior-year level.
Zacks Rank: Currently, Southern Company carries a Zacks Rank #4 (Sell) 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!
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>