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SCANA (SCG) Q1 Earnings Lag Estimates, Revenues Up Y/Y

Zacks Equity Research
Updated

SCANA Corporation’s SCG first quarter earnings per share of $1.18 missed the Zacks Consensus Estimate of earnings of $1.44.

Estimate Revision Trend & Surprise History: Investors should note that the Zacks Consensus Estimate has remained unchanged in the last seven days.

SCANA has an impressive earnings surprise history. The company posted an average positive earnings surprise of 0.98% for the last four quarters.

SCANA Corporation Price and EPS Surprise

SCANA Corporation Price and EPS Surprise | SCANA Corporation Quote

Revenues: SCANA posted revenues of $1,180 million up from the year-ago number of $1,173 million.

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Key Stats:

South Carolina Electric & Gas Company (SCE&G): Quarterly profit from this segment – SCANA’s principal subsidiary – was $128 million, up from $112 million in the year-ago quarter.

PSNC Energy: This segment posted profit of $49 million, increased from $43 million in the prior-year quarter.

Zacks Rank: Currently, SCANA carries a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement.

(You can see the complete list of today’s Zacks #1 Rank stocks here)

Check back later for our full write up on this SCANA earnings report later!

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Zacks Investment Research