The Southern Co (NYSE: SO) has reported earnings for its first fiscal quarter (ending March 31) of $1.03 versus $0.79 for the same period a year ago — an increase of 30%. Relative to the consensus estimate of $1.02, this was a premium of $0.01. For the latest four quarters through March 31, E.P.S. were $3.88 compared to $3.11 a year ago — an increase of 25%.
Recent Price Action
On 5/2/24, The Southern Co (NYSE: SO) stock increased 1.1%, closing at $75.33. Trading volume in this advance was normal. The stock has performed in line with the market over the last nine months and has risen 1.9% during the last week.
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 C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Southern has a neutral Appreciation Score of 46 and a neutral Power Rating of 44, producing the Low Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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