Southern Co ( NYSE: SO ) is scheduled to announce Q3 earnings results on Thursday, Oct. 27, before market open.
Consensus EPS estimate is $1.33 (+8.1% Y/Y) and consensus revenue estimate is $6.85B (+9.8% Y/Y).
Over the last 2 years, SO has beaten EPS estimates 100% of the time and revenue estimates 75% of the time.
Over the last 3 months, EPS estimates have seen 5 upward revisions and 4 downward. Revenue estimates have seen 5 upward revisions.
Bank of America downgraded the utility after its recent outperformance. Attention will likely pivot back to fundamentals as Southern ( SO ) offers a below average 5.8% growth rate.
Meanwhile, KeyBanc upgraded Southern ( SO ) as the completion of the Vogtle 3 nuclear reactor should make it "a premium utility again" .
UBS also upgraded the stock , saying Southern's ( SO ) "post-Vogtle growth profile should accelerate on fleet transformation opportunities to achieve [its] 2050 net zero carbon emissions goal".
Southern ( SO ) stock edged higher after it posted better-than-expected Q2 results and bumped up the cost estimate for two Vogtle nuclear reactors under construction.
Recent news:
- Southern's ( SO ) Georgia Power said fuel loading started at the first of two new Vogtle nuclear reactors.
- The company reportedly began a search to replace CEO Tom Fanning, who plans to announce his retirement by the end of the year.
SA contributor JR Research is of the view that Southern's ( SO ) valuation is not attractive, warning investors that it's still too early to consider adding the utility .
Shares of Southern ( SO ) slipped 3.2% YTD, but outperformed the S&P 500 and Dow Jones Utility indices .
For further details see:
Southern Co Q3 preview: Is the utility on track for another strong earnings report?