Southern Q3 2024 Adj. EPS $1.43 Beats $1.34 Estimate, Sales $7.274B Miss $7.287B Estimate
Portfolio Pulse from Benzinga Newsdesk
Southern Company (NYSE:SO) reported Q3 2024 earnings per share of $1.43, surpassing the analyst estimate of $1.34, marking a 0.7% increase from last year. However, sales of $7.274 billion slightly missed the $7.287 billion estimate, though they increased by 4.21% from the previous year.
October 31, 2024 | 11:31 am
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Southern Company reported Q3 2024 EPS of $1.43, beating estimates, but sales of $7.274B slightly missed expectations. EPS growth was 0.7% YoY, while sales grew 4.21% YoY.
The positive EPS surprise is likely to have a favorable impact on the stock price as it exceeded analyst expectations by 6.72%. Although sales slightly missed estimates, the year-over-year growth in both EPS and sales suggests a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100