We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Southern Co. (SO) Dips More Than Broader Market: What You Should Know
Read MoreHide Full Article
In the latest market close, Southern Co. (SO - Free Report) reached $91.88, with a -1.85% movement compared to the previous day. The stock's performance was behind the S&P 500's daily loss of 0.03%. On the other hand, the Dow registered a loss of 0.61%, and the technology-centric Nasdaq increased by 0.56%.
Shares of the power company witnessed a gain of 5.24% over the previous month, beating the performance of the Utilities sector with its loss of 1.35% and the S&P 500's gain of 1.39%.
The investment community will be closely monitoring the performance of Southern Co. in its forthcoming earnings report. The company is scheduled to release its earnings on October 31, 2024. The company's earnings per share (EPS) are projected to be $1.33, reflecting a 6.34% decrease from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $7.13 billion, up 2.15% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $4.02 per share and revenue of $26.48 billion, which would represent changes of +10.14% and +4.84%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Southern Co. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.14% higher. Right now, Southern Co. possesses a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Southern Co. has a Forward P/E ratio of 23.27 right now. Its industry sports an average Forward P/E of 17.52, so one might conclude that Southern Co. is trading at a premium comparatively.
It's also important to note that SO currently trades at a PEG ratio of 3.35. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. By the end of yesterday's trading, the Utility - Electric Power industry had an average PEG ratio of 2.78.
The Utility - Electric Power industry is part of the Utilities sector. This industry, currently bearing a Zacks Industry Rank of 90, finds itself in the top 36% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow SO in the coming trading sessions, be sure to utilize Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Southern Co. (SO) Dips More Than Broader Market: What You Should Know
In the latest market close, Southern Co. (SO - Free Report) reached $91.88, with a -1.85% movement compared to the previous day. The stock's performance was behind the S&P 500's daily loss of 0.03%. On the other hand, the Dow registered a loss of 0.61%, and the technology-centric Nasdaq increased by 0.56%.
Shares of the power company witnessed a gain of 5.24% over the previous month, beating the performance of the Utilities sector with its loss of 1.35% and the S&P 500's gain of 1.39%.
The investment community will be closely monitoring the performance of Southern Co. in its forthcoming earnings report. The company is scheduled to release its earnings on October 31, 2024. The company's earnings per share (EPS) are projected to be $1.33, reflecting a 6.34% decrease from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $7.13 billion, up 2.15% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $4.02 per share and revenue of $26.48 billion, which would represent changes of +10.14% and +4.84%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Southern Co. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.14% higher. Right now, Southern Co. possesses a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Southern Co. has a Forward P/E ratio of 23.27 right now. Its industry sports an average Forward P/E of 17.52, so one might conclude that Southern Co. is trading at a premium comparatively.
It's also important to note that SO currently trades at a PEG ratio of 3.35. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. By the end of yesterday's trading, the Utility - Electric Power industry had an average PEG ratio of 2.78.
The Utility - Electric Power industry is part of the Utilities sector. This industry, currently bearing a Zacks Industry Rank of 90, finds itself in the top 36% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow SO in the coming trading sessions, be sure to utilize Zacks.com.