Ryder System (R) Beats on Q1 Earnings
SCANA Corp.’s (SCG) fourth quarter loss per share of $3.11 missed the Zacks Consensus Estimate of earnings of 98 cents. The bottom line also deteriorated from the year-ago comparable quarter figure of 87 cents per share. nuclear project.
Estimate Revision Trend & Surprise History: Investors should note that the Zacks Consensus Estimate has remained unchanged in the last thirty days.
SCANA Corporation Price and EPS Surprise
SCANA Corporation Price and EPS Surprise | SCANA Corporation Quote
Nonetheless, SCANA has an unimpressive earnings surprise history. Before posting the earnings beat in Q4, the company delivered negative surprises in three of the prior four quarters. Overall, the company has a negative earnings surprise of 1.40% in the trailing four quarters.
Revenues: SCANA posted revenues of $1,158 million up from the year-ago number of $1,057 million.
South Carolina Electric & Gas Company (SCE&G): Quarterly loss from this segment – SCANA’s principal subsidiary – was $3.16 per share compared to earnings of 65 cents in the year-ago quarter.
PSNC Energy: This segment recorded profit of 20 cents per share during the fourth quarter compared with 19 cents reported in the prior-year quarter.
SCANA Energy-Georgia: The segment – comprising SCANA’s retail natural gas marketing business in Georgia – posted earnings of 7 cents per share, up 40% from 5 cents in the fourth quarter of 2016.
Corporate and Other, Net: This business segment posted loss of 22 cents per share wider than te loss of 2 cents in the year-ago quarter.
Zacks Rank: Currently, SCANA carries a Zacks Rank #5 (Strong Sell) which is subject to change following the earnings announcement. While things apparently look favorable, it all depends on what sense the just-released report makes to the analysts.
(You can see the complete list of today’s Zacks #1 Rank stocks here)
Check back later for our full write up on this Valero earnings report later!
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