Southern Co reports results for the quarter ended December 31 - Earnings Summary

• Southern Co SO.N reported quarterly adjusted earnings of 50 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of 64 cents. The mean expectation of fifteen analysts for the quarter was for earnings of 51 cents per share. Wall Street expected results to range from 49 cents to 56 cents per share.

• Revenue rose 4.9% to $6.34 billion from a year ago; analysts expected $5.88 billion.

• Southern Co's reported EPS for the quarter was 49 cents​.

• The company reported quarterly net income of $534 million.

• Southern Co shares had risen by 5.1% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 3.8% in the last three months.​

• In the last 30 days, five analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 7 "strong buy" or "buy," 13 "hold" and 1 "sell" or "strong sell."

• The average consensus recommendation for the electric utilities peer group is also "hold"

Wall Street's median 12-month price target for Southern Co is $91.50

This summary was machine generated from LSEG data February 20 at 02:32 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)