Southern (SO) Beats On Q4 Earnings, Sticks To Vogtle Timeline
Zacks Investment Research | Feb 19, 2020 10:23PM ET
Power supplier Southern Company (NYSE:SO) reported fourth-quarter 2019 earnings per share (excluding certain one-time items) of 27 cents, surpassing the Zacks Consensus Estimate of 26 cents and the year-ago profit of 25 cents. The robust performance primarily stemmed from positive effects of rates and pricing changes, as well as lower operating expenses.
Leveraging the demographics of its operating territories (as in healthy population and job growth), the firm has been able to consistently expand its regulated business customer base. As part of that plan, Southern Company has added 41,000 residential electric and 30,000 residential gas customers in 2019, underpinning growth.
The Atlanta-based utility’s quarterly revenue – at $4.9 billion – missed the Zacks Consensus Estimate of $5 billion and was 7.9% lower than fourth-quarter 2018 sales on account of loss of revenues from asset dispositions.
Southern Company (The) Price, Consensus and EPS Surprise
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