Southern Company Earnings: Everything You Must Know Now

Southern Company (NYSE:SO) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.

Southern Company Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 7.04% to $0.66 in the quarter versus EPS of $0.71 in the year-earlier quarter.

Revenue: Rose 1.55% to $4.25 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Southern Company reported adjusted EPS income of $0.66 per share. By that measure, the company missed the mean analyst estimate of $0.68. It missed the average revenue estimate of $4.3 billion.

Quoting Management: “Despite recent cost challenges, we are making great progress in the construction of the Kemper County energy facility,” said Thomas A. Fanning, Southern Company chairman, president and CEO. “The company’s investment in this innovative technology will help provide decades of clean, safe, reliable and affordable electricity to Mississippi Power customers.”

Key Stats (on next page)…

EPS increased 34.69% from $0.49 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $1.15 to a profit $1.14. For the current year, the average estimate has moved down from a profit of $2.76 to a profit of $2.75 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)