Southern Co. (SO) came out with quarterly earnings of $1.09 per share, beating the Zacks Consensus Estimate of $0.91 per share. This compares to earnings of $0.79 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 19.78%. A quarter ago, it was expected that this power company would post earnings of $0.90 per share when it actually produced earnings of $1.03, delivering a surprise of 14.44%. Over the last four quarters, the compan ...

ATLANTA, Aug. 1, 2024 /PRNewswire/ -- Southern Company today reported second-quarter earnings of $1.2 billion, or $1.10 per share, in 2024 compared with earnings of $838 million, or 77 cents per share, in the second quarter of 2023. For the six months ended June 30, 2024, Southern Company reported earnings of $2.3 billion, or $2.13 per share, compared with $1.7 billion, or $1.56 per share, for the same period in 2023. Excluding the items described under "Net Income – Excluding Items" in the table below, Sou ...

ANNISTON, Ala., Aug. 01, 2024 (GLOBE NEWSWIRE) -- Southern States Bancshares, Inc. (NASDAQ: SSBK) ("Southern States"), the holding company for Southern States Bank, announced today the completion of its previously announced acquisition of CBB Bancorp ("CBB Bancorp"), the holding company for Century Bank of Georgia ("Century Bank"). Effective July 31, 2024, CBB Bancorp has been merged with and into Southern States, with Southern States surviving, and Century Bank has been merged with and into Southern States ...

SAN DIEGO and OAKLAND, Calif., July 31, 2024 (GLOBE NEWSWIRE) -- Southern California Bancorp (NASDAQ: BCAL), the holding company for Bank of Southern California, N.A., and California BanCorp, the holding company for California Bank of Commerce, announce the successful closing of their previously announced merger of equals. Effective July 31, 2024, California BanCorp has merged with and into Southern California Bancorp, and California Bank of Commerce has merged with and into Bank of Southern California, N.A ...

Highlights for the fourth quarter of fiscal 2024: The Board of Directors, on July 23, 2024, declared a quarterly cash dividend on common stock of $0.23 per share, payable August 30, 2024, to stockholders of record at the close of business on August 15, 2024, marking the 121st consecutive quarterly dividend since the inception of the Company. The dividend represents an increase of $0.02 per share, or 9.5%, as compared to the previous quarterly dividend payment. The Board of Directors and management believe t ...

Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the shortterm price performance of a stock. The collective assessment of analysts points to an estimated 'Operating Revenues- Southern Power' of $526.78 million. The estimate suggests a ch ...

The Southern Company (SO) is set to release second-quarter results on Aug 1. The current Zacks Consensus Estimate for the to-be-reported quarter is a profit of 91 cents per share on revenues of $6.3 billion. Highlights of Q1 Earnings & Surprise History In the last reported quarter, the Atlanta, GA-based service provider beat the consensus mark on lower-thanexpected operating expenses to go with the positive effects of weather, rates, usage and pricing changes. Southern Company had reported adjusted earnings ...

TradingView Key Takeaways Do you have a news tip for Investopedia reporters? Please email us at tips@investopedia.com Norfolk Southern cut costs and got an insurance payout that helped the railroad beat second-quarter earnings estimates. Revenue rose 2% to above $3 billion, led by a 4% rise on merchandise shipping revenue. The news lifted shares on Friday, returning them to positive territory in 2024. Norfolk Southern (NSC) shares soared Friday after the freight train operator posted better-than-expected pr ...

Norfolk Southern Corporation NSC shares are trading higher after the company reported second-quarter financial results yesterday, and several analysts revised their price target. On Thursday, the company reported railway operating revenue of $3 billion, up 2% Y/Y, and delivered adjusted earnings of $3.06 per share, beating analyst estimates of $2.86 per share. RBC Capital Markets analyst Walter Spracklin lowered the price target to $267 (from $270) and reiterated the Outperform rating. Building on John Orr ...

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on August 1. On the other hand, if they miss, the stock may move lower. Revenues are expected to be $6.27 billion, up 9.1% from the year-ago quarter. Earnings Whisper A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a ...