Alert: New Earnings Report (11/2/23)-The Southern Co (NYSE: SO).


The Southern Co (NYSE: SO) has reported E.P.S. of $1.30 for its third fiscal quarter (ending September 30) versus $1.36 for the same period a year ago — a decline of -4%. This result fell short of the consensus estimate of $1.32 by $-0.02. E.P.S. were $2.78 for the latest four quarters through September 30 versus $3.18 for the same period a year ago — a decline of -13%.


Recent Price Action

The Southern Co (NYSE: SO) stock closed at $70.12 on 11/2/23 after a large increase of 2.5%. The stock has risen 5.3% during the last week and has been strong relative to the market over the last nine months.

Current PriceTarget Research Rating

With future capital returns forecasted to be above the cost of capital, SO is expected to continue to be an important Value Builder.

Southern has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Southern has a neutral Appreciation Score of 50 and a slightly positive Power Rating of 64, with the High Neutral Value Trend Rating the result.

Rating Review

In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.

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