The Southern Company (SO) earnings on July 30, 2026
More The Southern Company earnings
Prior outlook: Pessimistic Outcome: Accurate
Southern Company beat earnings estimates but missed on revenue and gave a cautious outlook. The stock fell nearly 2%.
SO price around the earnings
94.34
Change: -1.8%
2026-07-30, 20:00 UTC
- Price: green if it ends above the starting price; red if it ends below
- End of the measured window
- Market open
- Starting price
Prior thesis
Prior outlook: Pessimistic Outcome: Accurate
- Thesis published
- Results released
Setup is mixed heading into earnings, but the scenario points pessimistic.
Muted growth expectations with a strong past beat rate, but recent analyst actions are mixed.
Context analyzed before publication
- Summary
- Setup is mixed heading into earnings, but the scenario points pessimistic.
- Trend
- Initial positive trend reversed into a recent sell-off, showing a negative shift into earnings.
Analysts
Evidence
- Analyst consensus
- Hold
- Consensus average (1-5)
- 2.67
- Analysts covering the stock
- 20
- Average price target
- 100.83
- Lowest price target
- 79
- Highest price target
- 114
- Upside to price target
- 5%
- Quarterly earnings growth
- 1.6%
- Revenue growth
- 8%
- Forward EPS
- 4.92
- Trailing EPS
- 3.88
- Analyst moves in the last 60 days
- 5
- Strong buy: 1
- Buy: 6
- Hold: 14
- Sell: 2
- Strong sell: 1
- Strong buy
- 1
- Buy
- 6
- Hold
- 14
- Sell
- 2
- Strong sell
- 1
- July 27, 2026 · BMO Capital: Maintains rating (Outperform → Outperform)
- July 23, 2026 · Keybanc: Downgrades rating (Sector Weight → Underweight)
- July 22, 2026 · BMO Capital: Maintains rating (Outperform → Outperform)
- July 16, 2026 · JP Morgan: Maintains rating (Neutral → Neutral)
- June 18, 2026 · Barclays: Maintains rating (Equal-Weight → Equal-Weight)
News and sentiment
Evidence
Sentiment
- Sentiment
- Constructive
- Mention volume
- Low
- Normalized volume
- 33%
News
There is no news coverage available for this event.
Technicals
Evidence
- Price when the context was analyzed
- 96.12
- Average true range (ATR)
- 1.9%
- Distance to 52-week high
- -2.3%
- 14-day change (14d)
- +1.6%
- 30-day change (30d)
- -0.6%
- 30-day relative strength
- +0.9%
- SPY change (30d)
- -1.5%
- Nearest support
- 95.94
- Distance to nearest support
- 0.2%
- Nearest resistance
- 96.39
- Distance to nearest resistance
- 0.3%
- Volume accumulation ratio (14d / 46d)
- 0.76
- Major: 95.94 (0.2% away, 0.1 ATR, 56 touches)
- Major: 95.52 (0.6% away, 0.33 ATR, 55 touches)
- Mid: 95.14 (1% away, 0.54 ATR, 13 touches)
- Major: 96.39 (0.3% away, 0.15 ATR, 51 touches)
- Mid: 97.18 (1.1% away, 0.59 ATR, 19 touches)
- Major: 97.91 (1.9% away, 0.98 ATR, 32 touches)
Trends
Evidence
- Average earnings surprise
- +4.5%
- April 30, 2026: actual EPS 1.32 vs estimate 1.21 (surprise +8.9%)
- February 19, 2026: actual EPS 0.55 vs estimate 0.56 (surprise -1.4%)
- October 30, 2025: actual EPS 1.6 vs estimate 1.51 (surprise +6.0%)
- July 31, 2025: actual EPS 0.92 vs estimate 0.88 (surprise +4.7%)
Expected move
- Implied move
- +2.7%
- Source
- Options chain
Reactions over its last 20 earnings
- Median move
- 1.5%
- 75th percentile move
- 3%
- 90th percentile move
- 3.7%
- Up / down moves
- 12 / 8
- Average up move
- +2.5%
- Average down move
- -1.0%
Monitoring and close
What The Southern Company reported
- Status
- Finished
| Actual EPS | 1.13 |
|---|---|
| EPS estimate | 1 |
| EPS surprise | +13.0% |
| Revenue | $6,977 million |
| Revenue estimate | $7,234 million |
| Revenue surprise | -3.6% |
Southern beat Q2 earnings estimates but revenue missed. Shares slipped slightly.
Sources (5)
- Southern Stock Slips After Revenue Miss Overshadows Earnings Beat (opens in a new tab) — Benzinga
- Southern Co. (SO) Beats Q2 Earnings Estimates (opens in a new tab) — Zacks
- Southern Co. (SO) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates (opens in a new tab) — Zacks
- Southern Co (NYSE:SO) Q2 Earnings Beat Expectations, Revenue Misses; Shares Rise Slightly (opens in a new tab) — ChartMill
- Southern posted adjusted EPS of $1.13, beating the $1.00 estimate, but revenue of $6.977B missed the $7.234B forecast. — Benzinga
Pre-market second reading after the results
- Verdict
- Mixed results
Heading into the open, results beat expectations on earnings but not on revenue and the price is indicating -0.0% pre-market, a move below the stock's usual reaction (about 2%). The figures don't confirm the prior scenario: that move is too small to draw conclusions from.
How the stock reacted
- Outcome
- Accurate
- Consolidated
- -1.8%
- Max favorable move (MFE)
- 2.4%
- Max adverse move (MAE)
- 1.3%