Southern Company (The) (SO) Q2 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure
Key numbers
- Reported EPS
- $1.13
- Estimate
- $1.01
- Surprise
- +11.8%
- Revenue (period 2026-06-30)
- $6.98B
- Score at report (before → after)
- 5.1 → 5.0/10
Revenue source: mixed.
How the report landed
Southern Company (The) (SO) beat the $1.01 estimate with diluted EPS of $1.13 — a large 11.8% upside surprise. TrendMatrix's engine moved from Buy (Wait) (5.1/10) to Sell at 5.0/10 after the report — the engine's score fell despite the beat.
Where TrendMatrix's rating stands now
TrendMatrix currently rates SO Sell at 5.3/10.
3 of the last 4 quarters beat the estimate; this quarter's +11.8% surprise compares with a +6.3% four-quarter average. Next scheduled report: 2026-10-29.
What supports the rating
- Sector modifier (Utilities): +1.0
- Strong earnings beat streak (3/4)
What argues against it
- Thin upside margin: 3.2%
- V7 low-quality RISK_OFF penalty: -0.5 (Q=5.0)
- Leverage penalty (D/E 1.8): -1.0
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $87.17
- Price target
- $89.98
- Stop
- $84.65
- Upside to target
- +3.2%
- Reward-to-risk
- 0.6:1
The stock trades at 21.0× trailing but 17.7× forward earnings — consensus estimates already build in a substantial earnings recovery.
Model outputs from TrendMatrix’s engine as of 2026-09-14 — shown for context, not personalized investment advice.
SO at TrendMatrix's latest read
Utility earnings are regulatory outcomes on a lag — allowed-return and rate-case posture frame any quarter's print.
- Industry
- Utilities - Regulated Electric
- Market cap
- $100.28B
- P/E (fwd)
- 17.7
- P/E (ttm)
- 21.0
- 52-week range
- $83.80–$100.84
- Off 52-week high
- 13.6%
- RSI (14)
- 38
- Volume vs avg
- 0.92×
- Score today
- 5.3/10