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Southern Company (SO) Q4 Earnings Top, Revenues Miss
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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 27 cents, ahead of the Zacks Consensus Estimate of 26 cents.
Estimate Revision Trend & Surprise History: The Zacks Consensus Estimate for the quarter has been unchanged in the last 30 days.
As far as earnings surprises are concerned, Southern Company is on a solid footing, having gone past the Zacks Consensus Estimate in three of the last four reports, with the average positive surprise being 8.21%. This isshown in the chart below:
Revenue Came in Lower than Expected: Revenues of $4.9 billion came below the Zacks Consensus Estimate of $5 billion.
Key Stats: Southern Company’s total retail sales decreased 9.8%, with residential and commercial sales going down by 13.9% and 8.3%, respectively. Moreover, industrial sales declined 7.2%. This brought about a downward movement in overall electricity sales and usage. Total electricity sales during the fourth quarter was down 6.8% from the same period last year. Meanwhile, total wholesale sales increased 3.2% year over year.
The power supplier’s operations and maintenance cost edged up 2.4% to $1.7 billion, but the utility’s total operating expense for the period – at $4.2 billion – was down 11.2% from the prior-year level.
Zacks Rank: Currently, Southern Company carries a Zacks Rank #3 (Hold).
Check back later for our full write up on this Southern Company earnings report later!
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Southern Company (SO) Q4 Earnings Top, Revenues Miss
An Earnings Beat: Electric utility firm Southern Company (SO - Free Report) reported earnings per share (excluding certain one-time items) of 27 cents, ahead of the Zacks Consensus Estimate of 26 cents.
Estimate Revision Trend & Surprise History: The Zacks Consensus Estimate for the quarter has been unchanged in the last 30 days.
As far as earnings surprises are concerned, Southern Company is on a solid footing, having gone past the Zacks Consensus Estimate in three of the last four reports, with the average positive surprise being 8.21%. This isshown in the chart below:
Southern Company (The) Price and EPS Surprise
Southern Company (The) price-eps-surprise | Southern Company (The) Quote
Revenue Came in Lower than Expected: Revenues of $4.9 billion came below the Zacks Consensus Estimate of $5 billion.
Key Stats: Southern Company’s total retail sales decreased 9.8%, with residential and commercial sales going down by 13.9% and 8.3%, respectively. Moreover, industrial sales declined 7.2%. This brought about a downward movement in overall electricity sales and usage. Total electricity sales during the fourth quarter was down 6.8% from the same period last year. Meanwhile, total wholesale sales increased 3.2% year over year.
The power supplier’s operations and maintenance cost edged up 2.4% to $1.7 billion, but the utility’s total operating expense for the period – at $4.2 billion – was down 11.2% from the prior-year level.
Zacks Rank: Currently, Southern Company carries a Zacks Rank #3 (Hold).
(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!
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
See 8 breakthrough stocks now>>