Markets News
StocksSeptember 29, 20261 min read

Southern Co. Gains as Major Indexes Fall

Southern Co. advanced despite losses across major indexes, with investors looking ahead to its November earnings report.

Southern Co. shares rose 1.34% to close at $83.45 in the latest trading session, while major U.S. stock indexes ended lower. The S&P 500 fell 0.17%, the Dow lost 0.26%, and the Nasdaq slipped 0.09%.

The utility company is scheduled to report earnings on November 5, 2026. Analysts expect quarterly earnings of $1.65 per share and revenue of $8.34 billion, according to consensus estimates cited by Zacks. Those forecasts represent year-over-year increases of 3.13% in earnings and 6.56% in revenue.

For the annual period, consensus estimates call for earnings of $4.59 per share and revenue of $31.04 billion. Zacks said those figures would be up 6.74% and 5.02%, respectively, from the previous year.

Analysts have nudged their earnings outlook higher. The consensus earnings-per-share estimate for Southern rose 0.05% over the past month, according to Zacks.

Southern’s forward price-to-earnings ratio was 17.94, compared with 16.19 for its industry. Its PEG ratio was 2.19, below the industry average of 2.38.

This article was produced with the help of AI technology.
Source: Yahoo Finance

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