Southern Q1 2024 Adj EPS $1.03 Beats $0.90 Estimate, Sales $6.470B Miss $6.558B Estimate
Portfolio Pulse from Benzinga Newsdesk
Southern (NYSE:SO) reported Q1 2024 adjusted EPS of $1.03, surpassing the $0.90 estimate, marking a 30.38% increase from last year. However, their sales of $6.470B fell short of the $6.558B estimate, a slight 0.15% decrease from the previous year.
May 02, 2024 | 11:31 am
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Southern reported a strong Q1 2024 EPS of $1.03, beating estimates, but sales slightly missed expectations at $6.470B.
The positive earnings surprise, with a 30.38% increase over the previous year, is likely to boost investor confidence and potentially drive the stock price up in the short term. However, the slight miss in sales forecasts could temper some of the positive momentum. Overall, the strong earnings performance is expected to have a more significant impact on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100