Southern Company(US:SO) ZACKSยท2024-10-31 13:40Group 1 - Southern Co. reported quarterly earnings of $1.43 per share, exceeding the Zacks Consensus Estimate of $1.33 per share, and showing a slight increase from $1.42 per share a year ago, resulting in an earnings surprise of 7.52% [1] - The company achieved revenues of $7.27 billion for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 2.13% and increasing from $6.98 billion year-over-year [2] - Southern Co. has outperformed the S&P 500, with shares rising approximately 27.4% since the beginning of the year compared to the S&P 500's gain of 21.9% [3] Group 2 - The earnings outlook for Southern Co. is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The trend of estimate revisions for Southern Co. is mixed, leading to a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market in the near future [6] - The current consensus EPS estimate for the upcoming quarter is $0.57 on revenues of $6.29 billion, and for the current fiscal year, it is $4.02 on revenues of $26.48 billion [7] Group 3 - The Utility - Electric Power industry, to which Southern Co. belongs, is currently ranked in the top 39% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8] - Another company in the same industry, NRG Energy, is expected to report quarterly earnings of $1.71 per share, reflecting a year-over-year increase of 5.6%, with revenues anticipated to be $5.43 billion, down 31.7% from the previous year [9]