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SCANA's (SCG) Earnings Miss Estimates in Q4

SCANA Corp.'sSCG operations include generation, transmission, distribution, and sale of electricity to retail and wholesale customers in South Carolina. The company also purchases, sells, and transports natural gas to retail customers in South Carolina and southeastern Georgia; provides energy-related risk management services; and acquires, owns, and provides financing for nuclear fuel, fossil fuel, and emission allowances. In addition, it offers fiber optic communications, Ethernet services, and data center facilities. SCANA also builds, manages, and leases communications towers in South Carolina, North Carolina, and Georgia; and services contracts on home appliances, and heating and air conditioning units.

Currently, SCANA has a Zacks Rank #1 (Strong Buy) but that could change following its fourth quarter 2016 earnings report which has just released. You can see the complete list of today's Zacks #1 Rank stocks here .

We have highlighted some of the key details from the just-released announcement below:

Earnings: SCANA misses on earnings. Earnings per share came in at 87 cents per share failed to beat the Zacks Consensus Estimate of 93 cents.

Revenue: Operating revenues of $1,057 million improved 10.6% year over year.

Key Stats: Segment Performance

South Carolina Electric & Gas Company (SCE&G): Quarterly earnings from this segment, SCANA's principal subsidiary, were 65 cents per share, up 25% from 52 cents in the year-ago quarter.

PSNC Energy: This segment recorded profit of 19 cents during the fourth quarter higher than 17 cents reported in the prior-year quarter.

SCANA Energy-Georgia: The segment - comprising SCANA's retail natural gas marketing business in Georgia - posted earnings of 5 cents per share, higher than 2 cents in the fourth quarter of 2015.

Corporate and Other, Net: This business segment posted loss of 2 cents per share in-line with the year ago quarter.

Check back later for our full write up on this SCANA earnings report later!

Scana Corporation Price and EPS Surprise

Scana Corporation Price and EPS Surprise | Scana Corporation Quote

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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