Southern Co. Beats Q2 Earnings and Revenue Estimates
Southern Co. (NYSE: SO) came out with quarterly earnings of $1.09 per share, beating the Zacks Consensus Estimate of $0.91 per share. This compares to earnings of $0.79 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 19.78%. A quarter ago, it was expected that this power company would post earnings of $0.90 per share when it actually produced earnings of $1.03, delivering a surprise of 14.44%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Southern Co., which belongs to the Zacks Utility – Electric Power industry, posted revenues of $6.46 billion for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 3.26%. This compares to year-ago revenues of $5.75 billion. The company has topped consensus revenue estimates just once over the last four quarters.
The sustainability of the stock’s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management’s commentary on the earnings call.
Southern Co. Shares have added about …
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