Markets
SO

Southern Company (SO) Beats Q4 Earnings, Misses Revenue

Atlanta, GA-based Southern CompanySO is one of the largest generators of electricity in the nation, serving both regulated and competitive markets across the southeastern U.S. It is a holding company for four regulated Southern electric utilities that serve about 4.4 million customers - Georgia Power, Alabama Power, Gulf Power, and Mississippi Power.

Currently, Southern Company has a Zacks Rank #2 (Buy) but that could change following its fourth quarter 2015 earnings report which has just released. Coming to earnings surprise history, the company has a mixed track record: its beaten estimates in 2 of the last four quarters.

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

Earnings: Southern Companybeats on earnings. Earnings per share (excluding certain one-time items) came in at 44 cents, ahead of the Zacks Consensus Estimate of 42 cents.

Revenue: Revenues below expectations. Revenues of $3,606 million were under the Zacks Consensus Estimate of $4,437 million.

Key Stats: Southern Company's total retail sales fell 5.7%, mainly on lower residential sales. The power supplier's operations and maintenance cost decreased 15% to $1,134 million, while the company's total operating expense for the period - at $3,028 million - was approximately 12% lower than the prior-year level.

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

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

SOUTHERN CO (SO): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

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.

In This Story

SO

Other Topics

Earnings Investing Stocks

Latest Markets Videos

    Zacks

    Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank. A wealth of resources for individual investors is available at www.zacks.com.

    Learn More