- Power supplier company, Southern CO ( NYSE: SO ) is scheduled to announce Q2 earnings results on Thursday, July 28th, before market open.
- The consensus EPS Estimate is $0.84 (flat Y/Y) and the consensus Revenue Estimate is $5.31B (+2.1% Y/Y).
- The company has added 11K new residential electric customers and 7K residential natural gas customers in Q1.
- Over the last 2 years, SO has beaten EPS estimates 100% of the time and has beaten revenue estimates 63% of the time.
- Over the last 3 months, EPS estimates have seen 3 upward revisions and 6 downward. Revenue estimates have seen 2 upward revisions and 3 downward.
- The company's performance is seen benefitting from higher retail electricity sales reflecting economic recovery in the Southeast led by industrial buyers' demand; also, investment in state-regulated electric/gas franchises and continued trends in hybrid working would have cushioned the Q2 earnings.
- In its latest earnings , the company provided the following outlook:
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Will Southern's Q2 Earnings be cushioned by higher retail electricity sales amid rising costs?