A Look Ahead: Southern's Earnings Forecast

Southern (NYSE:SO) is gearing up to announce its quarterly earnings on Thursday, 2024-10-31. Here's a quick overview of what investors should know before the release.

Analysts are estimating that Southern will report an earnings per share (EPS) of $1.35.

The market awaits Southern's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.

It's important for new investors to understand that guidance can be a significant driver of stock prices.

Performance in Previous Earnings

The company's EPS beat by $0.20 in the last quarter, leading to a 1.15% increase in the share price on the following day.

Here's a look at Southern's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.9

0.90

0.60

1.33

EPS Actual

1.1

1.03

0.64

1.42

Price Change %

1.0%

1.0%

1.0%

0.0%

Analysts' Perspectives on Southern

Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Southern.

The consensus rating for Southern is Neutral, derived from 14 analyst ratings. An average one-year price target of $89.21 implies a potential 0.68% downside.

Analyzing Ratings Among Peers

The below comparison of the analyst ratings and average 1-year price targets of Duke Energy, Constellation Energy and PG&E, three ...