The Southern Company (NYSE:SO) is trading up 9.97% versus 12-month low of 44.00 and stands -9.46% lower from its 1-year peak of $53.44. The consensus price target (PT) of $50.82 means that the market expects Company shares to increase by 4.7% in the short run. The sell-side target prices range from $42 to $55. In the last month the stock has moved in price 2.05%, with a one year change of 7.99%. The last trading session volume compares with the 5.09M average and market worth floats around 47.54B.
The Southern Company (NYSE:SO) fell -0.31% to reach at the trading price of $48.38 as it is set to release its next quarterly earnings report on February 01, 2017. The Southern Company stock trades in the range of $48.19 to $48.60 before the earnings release. Let’s take a closer look at the current earnings forecast, particularly the things traders should pay close attention to. Earnings per share for the recently concluded quarter is expected to come in at $0.35 a share with $4.62B in revenue.
The Southern Company (SO) Future Earnings & History
After upcoming fiscal quarter results, all eyes will be on the prospects for the next reporting quarter. Analysts, on average, forecast The Southern Company to earn $0.69 per share (EPS) on revenue of $5B. The EPS consensus range is $0.48-$0.87 on revenue between $5.68B and $3.7B.
While if we look at the Earnings Track Record, The Southern Company (SO) managed to surpass quarterly earnings per share estimates in 10 of the trailing twelve fiscal quarters, and has a positive trend with an average surprise of 83%. Last time the company reported, The Southern Company (SO) generated $1.28 in earnings per share, beating the consensus estimate of $1.17. Revenues hit $6.26B in the September 2017 quarter, which was above the consensus $5.98B projection. On the other hand, in the June 2017 quarter the company recorded a net $4.45B revenue with earnings per share of $0.74. Wall Street had anticipated $4.47B and $0.70, respectively. For comparison, there was a revenue of $3.97B and EPS of $0.58 in the March 2016 period.
The Southern Company (NYSE:SO) Analyst Insights
The buoyancy in the outlook of The Southern Company (SO) is getting weaker by the somewhat negative sentiment (3.20 on a 5-point scale) that sell-side analysts have provided concerning it. Brokerage firms on the average advocate the company shares as Sector Perform. Barclays has been covering shares of SO, so it is most recent view is worth a look. In a research note issued on Jul 14, 2016, analysts at Barclays lifted the stock to Overweight from Equal Weight. Another noteworthy analyst activity was recorded on Jun 24, 2014. Argus Analysts lifted the stock to Buy from Hold.