Stock Performance Snapshot
Amidst the ebb and flow of the market, Southern Co. (SO) closed at $69.09, moving -0.42% during the latest trading session. This performance surpassed the daily loss of 0.65% seen in the S&P 500. Meanwhile, the Dow and Nasdaq observed reductions of 0.49% and 0.96%, respectively.
Month-to-Month Comparison
Prior to today, the power company’s shares surged by 3.82% over the past month, outpacing the Utilities sector’s 3.63% gain and the S&P 500’s increase of 3.27% for the same duration.
Earnings Forecast
Investors anticipate the upcoming earnings report from Southern Co., with an expected EPS of $0.90 – a 13.92% rise from the previous year’s quarter. Revenue projections for this period stand at $7.01 billion, reflecting an 8.2% increase compared to the corresponding quarter last year.
Full Fiscal Year Estimates
For the whole fiscal year, Zacks Consensus Estimates predict earnings of $4.01 per share and revenue of $27.93 billion. This points to changes of +9.86% and +10.6%, respectively, compared to the preceding year.
Analyst Projections and Zacks Rank
Monitoring analyst forecasts for Southern Co. can provide valuable insights into evolving business trends. These revisions often reflect changes in stock prices. The Zacks Rank, ranging from #1 (Strong Buy) to #5 (Strong Sell), currently places Southern Co. at #3 (Hold) with a track record of +25% average annual returns since 1988.
Valuation and Growth Potential
Delving into valuation, Southern Co. boasts a Forward P/E ratio of 17.32 versus the industry average of 14.65. The current PEG ratio of 4.33, accounting for expected earnings growth, reveals potential growth prospects. Additionally, SO’s industry average PEG ratio stands at 2.45 as of the latest market close.
Industry Landscape
The Utility – Electric Power industry, within the Utilities sector, currently holds a Zacks Industry Rank of 179, placing it in the bottom 29% of industries tracked. Industries in the top 50% tend to outperform the lower half by a notable 2 to 1 margin.
Zacks Industry Rank Insights
Unlock the power of Zacks Industry Rank assessments to gain a fuller picture of industry dynamics. Visit Zacks.com for a comprehensive analysis of these stock-moving metrics and more.
Editor’s Recommendations
Gain insights from the experts with the newest list of 7 select stocks from the 220 Zacks Rank #1 Strong Buys. These hand-picked choices are projected for early price gains. Since 1988, this list has outpaced the market with an average annual gain of +24.2% – worth your immediate attention.
To secure your free stock analysis of Southern Company (SO) and valuable insights, download the 7 Best Stocks for the Next 30 Days report from Zacks Investment Research.
Read this exclusive article on Zacks.com for more comprehensive details and stay informed with Zacks Investment Research’s latest updates.
Please note that the views and opinions expressed here belong to the author and may not necessarily align with those of Nasdaq, Inc.
