Southern Co. (SO) Increases Despite Market Slip: Here's What You Need to Know

Core Viewpoint - Southern Co. has shown a stable performance with a 0% change in share price over the past month, underperforming the Utilities sector and the S&P 500 [1] Company Performance - In the latest trading session, Southern Co. closed at $79.86, reflecting a +1.81% increase from the previous day, outperforming the S&P 500 which saw a loss of 0.88% [5] - The upcoming earnings report is anticipated on August 1, 2024, with expected earnings per share (EPS) of $0.90, indicating a growth of 13.92% year-over-year, and projected revenue of $6.26 billion, representing an 8.88% increase from the same quarter last year [9] Analyst Estimates - Recent changes in analyst estimates for Southern Co. suggest a favorable outlook on the company's business health and profitability, with a 0.1% increase in the Zacks Consensus EPS estimate over the last 30 days [2][7] - The Zacks Consensus Estimates project earnings of $4 per share and revenue of $26.7 billion for the full year, reflecting changes of +9.59% and +5.73% respectively from the prior year [6] Valuation Metrics - Southern Co. has a Forward P/E ratio of 19.62, which is a premium compared to the industry average Forward P/E of 15.56 [3] - The company currently trades at a PEG ratio of 2.82, higher than the industry average PEG ratio of 2.53 [11] Industry Context - The Utility - Electric Power industry holds a Zacks Industry Rank of 96, placing it in the top 39% of over 250 industries, indicating strong performance potential [8]