Over the past three months, shares of Southern's Inc. (NYSE:SO) moved lower by 17.60%. Before having a look at the importance of debt, let's look at how much debt Southern's has.
If history is any guide, there may be trouble ahead for shares of Southern (NYSE:SO). A so-called "death cross" has formed on its chart and, not surprisingly, this could be bearish for the stock.
Southern (NYSE:SO) reported its Q3 earnings results on Thursday, October 27, 2022 at 06:45 AM.
Here's what investors need to know about the announcement.
Earnings
Southern beat estimated earnings by 0.77%, reporting an EPS of $1.31 versus an estimate of $1.3.
Southern (NYSE:SO) reported quarterly earnings of $1.31 per share which beat the analyst consensus estimate of $1.30 by 0.77 percent. This is a 6.5 percent increase over earnings of $1.23 per share from the same period
Companies Reporting Before The Bell
• Janus Henderson Gr (NYSE:JHG) is expected to report quarterly earnings at $0.48 per share on revenue of $494.27 million.
The completion of the Vogtle 3 nuclear load is a “major milestone” for Southern Co (NYSE: SO) and indicates that the commencement of the Unit is now imminent, according to KeyBanc Capital Markets.