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SCANA (SCG) Q2 Earnings Beat Estimates, Revenues Fall Y/Y

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SCANA Corporation’s (SCG - Free Report) second quarter earnings per share of 67 cents, beating the Zacks Consensus Estimate of earnings of 59 cents, thanks to lower operating expenses.

Estimate Revision Trend & Surprise History: Investors should note that the Zacks Consensus Estimate has remained unchanged in the last seven days.

SCANA failed to surpass the Zacks Consensus Estimate of earnings in two of the last four quarters, the average negative earnings surprise being 0.25%.

SCANA Corporation Price and EPS Surprise

SCANA Corporation Price and EPS Surprise | SCANA Corporation Quote

Revenues: SCANA posted revenues of $843 million, down from the year-ago number of $1,001 million.

Key Stats:

South Carolina Electric & Gas Company (SCE&G): Quarterly profit from this segment – SCANA’s principal subsidiary – was $31 million, down from $126 million in the year-ago quarter.

PSNC Energy: This segment posted loss of $1 million against the prior-year quarter profit of $2 million.

Zacks Rank: Currently, SCANA carries a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement.

(You can see the complete list of today’s Zacks #1 Rank stocks here)

Check back later for our full write up on this SCANA earnings report later!

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