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Curious about Southern Co. (SO) Q3 Performance? Explore Wall Street Estimates for Key Metrics
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In its upcoming report, Southern Co. (SO - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $1.71 per share, reflecting an increase of 6.9% compared to the same period last year. Revenues are forecasted to be $8.47 billion, representing a year-over-year increase of 8.3%.
The consensus EPS estimate for the quarter has undergone a downward revision of 17.5% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
With that in mind, let's delve into the average projections of some Southern Co. metrics that are commonly tracked and projected by analysts on Wall Street.
It is projected by analysts that the 'Operating Revenues- Southern Company Natural Gas' will reach $758.48 million. The estimate indicates a change of +3.3% from the prior-year quarter.
The average prediction of analysts places 'Operating Revenues- Southern Power' at $704.70 million. The estimate points to a change of +15% from the year-ago quarter.
According to the collective judgment of analysts, 'Net Income Available to Common- Southern Company Gas' should come in at $46.43 million. The estimate is in contrast to the year-ago figure of $25.00 million.
Analysts forecast 'Net Income Available to Common- Southern Power' to reach $112.12 million. The estimate compares to the year-ago value of $3.00 million.
Shares of Southern Co. have experienced a change of +11.9% in the past month compared to the -0.9% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), SO is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Curious about Southern Co. (SO) Q3 Performance? Explore Wall Street Estimates for Key Metrics
In its upcoming report, Southern Co. (SO - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $1.71 per share, reflecting an increase of 6.9% compared to the same period last year. Revenues are forecasted to be $8.47 billion, representing a year-over-year increase of 8.3%.
The consensus EPS estimate for the quarter has undergone a downward revision of 17.5% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
With that in mind, let's delve into the average projections of some Southern Co. metrics that are commonly tracked and projected by analysts on Wall Street.
It is projected by analysts that the 'Operating Revenues- Southern Company Natural Gas' will reach $758.48 million. The estimate indicates a change of +3.3% from the prior-year quarter.
The average prediction of analysts places 'Operating Revenues- Southern Power' at $704.70 million. The estimate points to a change of +15% from the year-ago quarter.
According to the collective judgment of analysts, 'Net Income Available to Common- Southern Company Gas' should come in at $46.43 million. The estimate is in contrast to the year-ago figure of $25.00 million.
Analysts forecast 'Net Income Available to Common- Southern Power' to reach $112.12 million. The estimate compares to the year-ago value of $3.00 million.
View all Key Company Metrics for Southern Co. here>>>Shares of Southern Co. have experienced a change of +11.9% in the past month compared to the -0.9% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), SO is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .