Southern Co expected to post earnings of $1.34 a share - Earnings Preview

Reuters10-29 21:44

* Southern Co is expected to show a rise in quarterly revenue when it reports results on October 31 for the period ending September 30 2024

* The Atlanta Georgia-based company is expected to report a 4.4% increase in revenue to $7.287 billion from $6.98 billion a year ago, according to the mean estimate from 7 analysts, based on LSEG data.

* ​LSEG's mean analyst estimate for Southern Co is for earnings of $1.34 per share. The company's EPS guidance on August 7 2024, for the period ended September 30, was about USD1.3

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy," 11 "hold" and 2 "sell" or "strong sell."

* The mean earnings estimate of analysts was unchanged in the last three months. ​

* Wall Street's median 12-month price target for Southern Co is $93.00​, above​ its last closing price of $91.79. ​​​

Previous quarterly performance (using preferred earnings measure in US dollars). ​

QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI

ENDING ARTESTIMAT ESTIMATE MET, SE %

E® MISSED

Jun. 30 2024 0.92 0.92 1.10 Beat 19.5

Mar. 31 2024 0.91 0.91 1.03 Beat 13.4

Dec. 31 2023 0.61 0.60 0.64 Beat 6.5​

Sep. 30 2023 1.32 1.32 1.42 Beat 7.4

​​Jun. 0.74 0.75 0.79 Beat 5.8

30 2023

Mar. 31 2023 0.71 0.71 0.79 Beat 11.6​

Dec. 31 2022 0.24 0.24 0.26 Beat 7

Sep. 30 2022 1.34 1.33 1.31 Missed -1.3

This summary was machine generated October 29 at 13:43 GMT. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

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