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Southern Co. (SO) Stock Moves -0.05%: What You Should Know
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Southern Co. (SO - Free Report) closed at $77.25 in the latest trading session, marking a -0.05% move from the prior day. This change was narrower than the S&P 500's daily loss of 0.72%. At the same time, the Dow lost 0.45%, and the tech-heavy Nasdaq lost 0.27%.
Heading into today, shares of the power company had lost 3.05% over the past month, outpacing the Utilities sector's loss of 4.89% and the S&P 500's loss of 9.06% in that time.
Wall Street will be looking for positivity from Southern Co. as it approaches its next earnings report date. The company is expected to report EPS of $1.33, up 8.13% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $6.67 billion, up 6.91% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $3.64 per share and revenue of $26.64 billion, which would represent changes of +6.74% and +15.27%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Southern Co.These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.79% higher within the past month. Southern Co. is currently sporting a Zacks Rank of #2 (Buy).
In terms of valuation, Southern Co. is currently trading at a Forward P/E ratio of 21.26. This valuation marks a premium compared to its industry's average Forward P/E of 19.04.
Also, we should mention that SO has a PEG ratio of 5.32. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Utility - Electric Power industry currently had an average PEG ratio of 3.22 as of yesterday's close.
The Utility - Electric Power industry is part of the Utilities sector. This industry currently has a Zacks Industry Rank of 82, which puts it in the top 33% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Southern Co. (SO) Stock Moves -0.05%: What You Should Know
Southern Co. (SO - Free Report) closed at $77.25 in the latest trading session, marking a -0.05% move from the prior day. This change was narrower than the S&P 500's daily loss of 0.72%. At the same time, the Dow lost 0.45%, and the tech-heavy Nasdaq lost 0.27%.
Heading into today, shares of the power company had lost 3.05% over the past month, outpacing the Utilities sector's loss of 4.89% and the S&P 500's loss of 9.06% in that time.
Wall Street will be looking for positivity from Southern Co. as it approaches its next earnings report date. The company is expected to report EPS of $1.33, up 8.13% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $6.67 billion, up 6.91% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $3.64 per share and revenue of $26.64 billion, which would represent changes of +6.74% and +15.27%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Southern Co.These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.79% higher within the past month. Southern Co. is currently sporting a Zacks Rank of #2 (Buy).
In terms of valuation, Southern Co. is currently trading at a Forward P/E ratio of 21.26. This valuation marks a premium compared to its industry's average Forward P/E of 19.04.
Also, we should mention that SO has a PEG ratio of 5.32. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Utility - Electric Power industry currently had an average PEG ratio of 3.22 as of yesterday's close.
The Utility - Electric Power industry is part of the Utilities sector. This industry currently has a Zacks Industry Rank of 82, which puts it in the top 33% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.