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MarketScreener Homepage  >  Equities  >  Nyse  >  Southern Company    SO

SOUTHERN COMPANY

(SO)
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Southern : 2Q Revenue Falls and Misses Wall Street Consensus, Adjusted. Earnings Beats

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07/30/2020 | 09:09am EDT

By Allison Prang

 

Southern Co.'s revenue fell more than expected, but its earnings on an adjusted basis came in higher than analysts had forecast for the second quarter.

Southern's earnings decreased to $616 million, before taking out $4 million for preferred stock dividends. A year earlier, profit was $902 million, before taking out $3 million in preferred stock dividends. Earnings in Southern's second quarter were 58 cents a share, down from 86 cents a share a year prior.

Adjusted earnings were 78 cents a share. According to FactSet, analysts were expecting 67 cents a share.

The company logged a $154 million leveraged-lease impairment and a $149 million estimated loss on two Plant Vogtle units.

Revenue was $4.62 billion, down more than 9%. Analysts expected $4.92 billion.

 

Write to Allison Prang at allison.prang@wsj.com

 


Stocks mentioned in the article
ChangeLast1st jan.
SOUTHERN COMPANY -1.56% 58.66 Delayed Quote.-6.95%
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Financials (USD)
Sales 2020 21 355 M - -
Net income 2020 3 217 M - -
Net Debt 2020 49 404 M - -
P/E ratio 2020 19,5x
Yield 2020 4,22%
Capitalization 63 590 M 63 590 M -
EV / Sales 2020 5,29x
EV / Sales 2021 5,20x
Nbr of Employees 27 943
Free-Float 99,8%
Chart SOUTHERN COMPANY
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Technical analysis trends SOUTHERN COMPANY
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 18
Average target price 61,00 $
Last Close Price 60,21 $
Spread / Highest target 11,3%
Spread / Average Target 1,31%
Spread / Lowest Target -12,0%
EPS Revisions
Managers
NameTitle
Thomas A. Fanning Chairman, President & Chief Executive Officer
Andrew W. Evans Chief Financial Officer & Executive Vice President
Mark Berry Head-Research & Development
Donald M. James Independent Director
William G. Smith Independent Director
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