The Southern Co (NYSE: SO) has reported earnings for its third fiscal quarter (ending September 30) of $1.40 versus $1.30 for the same period a year ago — an increase of 8%. For the latest four quarters through September 30, E.P.S. were $4.31 versus $2.78 for the same period a year ago — an increase of 55%.
Recent Price Action
On 10/31/24, The Southern Co (NYSE: SO) stock increased 1.9%, closing at $91.03. Moreover, trading volume in this advance was exceptionally high at 234% of normal. The stock has declined -3.3% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, SO is expected to continue to be a major Value Builder.
Southern has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Southern has a neutral Appreciation Score of 41 but a very high Power Rating of 91, resulting in the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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