Advertisement
Canada markets closed

  • S&P/TSX

    21,885.38
    +11.66 (+0.05%)
     

  • S&P 500

    5,048.42
    -23.21 (-0.46%)
     

  • DOW

    38,085.80
    -375.12 (-0.98%)
     

  • CAD/USD

    0.7322
    +0.0025 (+0.34%)
     

  • CRUDE OIL

    83.76
    +0.95 (+1.15%)
     

  • Bitcoin CAD

    88,529.35
    +1,118.63 (+1.28%)
     

  • CMC Crypto 200

    1,397.55
    +14.98 (+1.08%)
     

  • GOLD FUTURES

    2,344.30
    +5.90 (+0.25%)
     

  • RUSSELL 2000

    1,981.12
    -14.31 (-0.72%)
     

  • 10-Yr Bond

    4.7060
    +0.0540 (+1.16%)
     

  • NASDAQ

    15,611.76
    -100.99 (-0.64%)
     

  • VOLATILITY

    15.37
    -0.60 (-3.76%)
     

  • FTSE

    8,078.86
    +38.48 (+0.48%)
     

  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     

  • CAD/EUR

    0.6821
    +0.0002 (+0.03%)
     
MARKETS LIVE BLOG:

STOCKS SLIDE AFTER META'S REALITY CHECK, DOWNBEAT GDP

Caterpillar sinks 7% after earnings, management sees weakness in Europe, Asia-Pacific

Is Southern (SO) Stock Outpacing Its Utilities Peers This Year?

Zacks Equity Research

Investors focused on the Utilities space have likely heard of Southern (SO), but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.

Southern is a member of the Utilities sector. This group includes 120 individual stocks and currently holds a Zacks Sector Rank of #9. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.

The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. SO is currently sporting a Zacks Rank of #2 (Buy).

The Zacks Consensus Estimate for SO's full-year earnings has moved 2.18% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

ADVERTISEMENT

Our latest available data shows that SO has returned about 41.58% since the start of the calendar year. In comparison, Utilities companies have returned an average of 4.34%. This means that Southern is performing better than its sector in terms of year-to-date returns.

Breaking things down more, SO is a member of the Utility - Electric Power industry, which includes 65 individual companies and currently sits at #106 in the Zacks Industry Rank. On average, stocks in this group have gained 20.94% this year, meaning that SO is performing better in terms of year-to-date returns.

Investors with an interest in Utilities stocks should continue to track SO. The stock will be looking to continue its solid performance.


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Southern Company (The) (SO) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.