The Southern Company (NYSE:SO) is reporting third quarter earnings results on Thursday 29th October 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 1.21 per share.
For the full year, analysts predict revenues of $ 21458.20 million, while looking forward to income of $ 3.17 per share.
The Company Outlook
Earnings for 3Q20 are anticipated in a range of $ 1.15 ~ $ 1.15 per share
Full Year 2020 bottomline are predicted in a range of $ 3.10 ~ $ 3.22 per share
Click Here For More Historical Outlooks Of The Southern Company
Previous Quarter Performance
The Southern Company announced income for the second quarter of $ 0.78 per share, from the revenue of $ 4,620.00 million. The quarterly earnings down 2.50 percent while revenues down 9.38 percent compared with the same quarter last year.
Wall street analysts are predicting, SO to report 2Q20 income of $ 0.67 per share from revenue of $ 4907.07 million. The bottom line results beat street analysts by $ 0.11 or 16.42 percent, at the same time, top line results fell short of analysts by $ 287.07 million or 5.85 percent.
Stock Performance
Shares of The Southern Company traded low $ -1.85 or -3.07 percent on Wednesday, reaching $ 58.36 with volume of 4.14 million shares. The Southern Company has traded high as $ 60.05 and has cracked $ 58.18 on the downward trend
According to the previous trading day, closing price of $ 58.36, representing a 43.49 % increase from the 52 week low of $ 41.96 and a 15.32 % decrease over the 52 week high of $ 71.10.
The company has a market capital of $ 61.64 billion and is part of the Utilities sector and Utilities – Regulated Electric industry.
Conference Call
The Southern Company will be hosting a conference call at 1:00 PM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.southerncompany.com
The Southern Company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity. It operates in four segments: Gas Distribution Operations, Gas Pipeline Investments, Wholesale Gas Services, and Gas Marketing Services. The company also constructs, acquires, owns, and manages power generation assets, including renewable energy facilities and sells electricity in the wholesale market; and distributes natural gas in Illinois, Georgia, Virginia, and Tennessee, as well as provides gas marketing services, wholesale gas services, and gas pipeline investments operations.
