Southern Company (NYSE:SO) delivered a profit and met Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Southern Company Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 16.67% to $0.49 in the quarter versus EPS of $0.42 in the year-earlier quarter.
Revenue: Rose 8.13% to $3.9 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Southern Company reported adjusted EPS income of $0.49 per share. By that measure, the company met the mean analyst estimate of $0.49. It beat the average revenue estimate of $3.75 billion.
Quoting Management: “In keeping with our commitment to customers, Southern Company will fully absorb the increased costs related to the Kemper project,” said Thomas A. Fanning, Southern Company chairman, president and chief executive officer. “This decision enables us to maintain our commitment to the Mississippi Public Service Commission under the settlement agreement, while retaining the benefits of 21st century coal for customers.”
Key Stats (on next page)…
Revenue increased 5.24% from $3.7 billion in the previous quarter. EPS increased 11.36% from $0.44 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 $0.72 to a profit $0.70. For the current year, the average estimate has moved down from a profit of $2.78 to a profit of $2.76 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)