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The Southern Company (SO)
:SO
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.52Last Year’s EPS
0.64Same Quarter Last Year
Based on 11 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2018
|% Change Since: -5.34%
|Next Earnings Date:Aug 08, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted Southern Company's strong operational and financial performance, including earnings growth and customer expansion. However, the significant costs associated with Hurricane Helene's damage tempered the positive outlook, leading to a balanced view of challenges and achievements.Company Guidance
During Southern Company's Q3 2024 earnings call, guidance was provided on several key financial metrics and operational highlights. The company reported adjusted earnings per share (EPS) of $1.43 for the third quarter, slightly up from $1.42 in the same period last year, driven by continued investment in their state-regulated utilities and customer growth, though offset by higher interest and depreciation expenses. For the nine months ending September 30, 2024, adjusted EPS was $3.56 compared to $3.01 in 2023. Southern Company forecasts a Q4 adjusted EPS of $0.49, which would bring full-year adjusted earnings to $4.05 per share. The company also detailed a significant $1.1 billion in costs associated with restoration efforts following Hurricane Helene, with expectations for these costs to be largely capitalized. Despite a 0.4% impact on sales due to the storm, weather-normalized retail electricity sales remained stable. The company noted strong economic development in their service territories, with 42 companies establishing or expanding operations, resulting in over $2.6 billion in capital investments and the potential creation of over 5,000 jobs.Adjusted Earnings Growth
Adjusted earnings for Q3 2024 were $1.43 per share, up $0.01 from Q3 2023. For the first nine months of 2024, adjusted earnings per share were $3.56, compared to $3.01 for the same period in 2023.
Customer and Economic Growth
Strong residential customer additions with 12,000 new in electric and 7,000 in natural gas. Economic development activities generated 5,000+ potential new jobs and $2.6 billion in capital investments.
Data Center Segment Growth
Data center power usage continued its positive trend, up 10% year-over-year.
Resilient Storm Response
Despite Hurricane Helene's historic damage, Southern Company restored power to over 1.5 million customers, with 95% restoration within 8 days.
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SO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $88.63 | $90.28 | +1.86% |
| Aug 01, 2024 | $82.15 | $86.14 | +4.86% |
| May 02, 2024 | $72.64 | $73.42 | +1.07% |
| Feb 15, 2024 | $65.40 | $64.46 | -1.44% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does The Southern Company (SO) report earnings?
The Southern Company (SO) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is The Southern Company (SO) earnings time?
The Southern Company (SO) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SO EPS forecast?
SO EPS forecast for the fiscal quarter 2024 (Q4) is 0.52.
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