Southern FY 2023 GAAP EPS $3.62 Beats $3.56 Estimate, Sales $25.25B Miss $26.96B Estimate
Portfolio Pulse from Benzinga Newsdesk
Southern (NYSE:SO) reported FY 2023 GAAP EPS of $3.62, surpassing the $3.56 estimate, marking an 11.04% increase from last year. However, their sales of $25.25B fell short of the $26.96B estimate, a 13.76% decrease from the previous year.
February 15, 2024 | 11:38 am
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Southern reported a higher-than-expected FY 2023 GAAP EPS of $3.62, a 11.04% increase from last year, but missed sales estimates with $25.25B, a 13.76% decrease YOY.
The mixed results with an earnings beat but a miss on sales forecasts could lead to neutral market sentiment in the short term. The positive earnings growth YOY indicates operational efficiency, while the sales miss may raise concerns about revenue growth, balancing the stock's short-term outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100