SO - Southern Co. Q1 2023 Earnings Preview

2023-04-26 12:57:08 ET

Southern Co. ( NYSE: SO ) is scheduled to announce Q1 earnings results on Thursday, April 27, before market open.

The consensus EPS estimate is $0.71 (-26.8% Y/Y) and the consensus revenue estimate is $6.14B (-7% Y/Y).

Over the last 2 years, SO has beaten EPS estimates 88% of the time and has beaten revenue estimates 100% of the time.

Over the last 3 months, EPS estimates have seen 0 upward revisions and 5 downward. Revenue estimates have seen 1 upward revision and 0 downward.

Mizuho recently upgraded Southern ( SO ) to Buy, as Vogtle Unit 4 nears completion after numerous delays and cost overruns .

Shares of Southern ( SO ) fell after the company's Q4 adjusted earnings edged past estimates , but it delayed its in-service date for the Vogtle nuclear unit 3.

Recent News

• Southern ( SO ) raised its dividend by 3% to $0.70/share .
• The first of Southern's ( SO ) two new nuclear reactors (Unit 3) at Plant Vogtle was connected to the electric grid after it began generating electricity for the first time .
• Southern's ( SO ) Georgia Power said Plant Vogtle Unit 4 started hot functional testing, the last series of critical tests for the new nuclear unit ahead of initial fuel loading .
• Southern ( SO ) priced a $1.5B private placement of its series 2023A 3.875% convertible senior notes .

More on Southern

Southern: With Construction Delays Behind, Stock Looks Ready To Go

Southern: 22nd Consecutive Annual Dividend Increase

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