Southern Co. (SO) closed the newest buying and selling day at $55.92, shifting -1.13% from the earlier buying and selling session. This transformation was narrower than the S&P 500’s 5.18% loss on the day. On the similar time, the Dow misplaced 6.3%, and the tech-heavy Nasdaq misplaced 4.7%.
Coming into at this time, shares of the ability firm had misplaced 18.5% up to now month. In that very same time, the Utilities sector misplaced 20.7%, whereas the S&P 500 misplaced 24.68%.
Wall Road might be in search of positivity from SO because it approaches its subsequent earnings report date. In that report, analysts count on SO to put up earnings of $0.75 per share. This may mark year-over-year progress of seven.14%. Our most up-to-date consensus estimate is looking for quarterly income of $5.62 billion, up 3.82% from the year-ago interval.
For the total 12 months, our Zacks Consensus Estimates are projecting earnings of $3.17 per share and income of $22.12 billion, which might symbolize adjustments of +1.93% and +3.26%, respectively, from the prior 12 months.
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