Advertisement
Singapore markets closed

  • Straits Times Index

    3,187.66
    +32.97 (+1.05%)
     

  • S&P 500

    5,034.49
    +12.28 (+0.24%)
     

  • Dow

    37,978.99
    +225.68 (+0.60%)
     

  • Nasdaq

    15,696.44
    +13.07 (+0.08%)
     

  • Bitcoin USD

    63,809.33
    +2,312.47 (+3.76%)
     

  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     

  • FTSE 100

    7,869.58
    +21.59 (+0.28%)
     

  • Gold

    2,399.00
    +10.60 (+0.44%)
     

  • Crude Oil

    82.81
    +0.12 (+0.15%)
     

  • 10-Yr Bond

    4.6200
    +0.0350 (+0.76%)
     

  • Nikkei

    38,079.70
    +117.90 (+0.31%)
     

  • Hang Seng

    16,385.87
    +134.03 (+0.82%)
     

  • FTSE Bursa Malaysia

    1,544.76
    +4.34 (+0.28%)
     

  • Jakarta Composite Index

    7,166.81
    +35.97 (+0.50%)
     

  • PSE Index

    6,523.19
    +73.15 (+1.13%)
     

SCANA Expects Hurricane Florence to Hit Its Service Area

Zacks Equity Research
Updated
Will Best Buy (BBY) Beat Estimates Again in Its Next Earnings Report?
Best Buy (BBY) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

South Carolina Electric & Gas (SCE&G), an affiliate of SCANA Corporation SCG, alerted its customers of Hurricane Florence.

The company announced that its service territory might face flooding along with strong wind and heavy rains. This will likely lead to continued outage of electricity, SCE&G warned.

SCE&G is preparing to deal with the expected outages with 2,900 personnel. In fact, the company is well placed to face such severe event with its extensive overhead and underground distribution lines which spread across 18,000 miles.

The company added that along with safety of customers, employees’ security is also paramount to it. If there are outages, the restoration work will start immediately after ensuring the crews’ safety.  

ADVERTISEMENT

Based in Cayce, SC, SCANA is primarily engaged in generating and distributing electricity to thousands of customers. However, the stock slipped 40.1% over the past year, underperforming the industry’s 5.3% decline.

 

SCANA currently carries a Zacks Rank #3 (Hold). Meanwhile, a few better-ranked players in the energy space are TC PipeLines LP TCP, Petroleo Brasileiro S.A. or Petrobras PBR and Helix Energy Solutions Group, Inc. HLX, each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

TC PipeLines has an average positive earnings surprise of 3.7% for the last four quarters.

Petrobras’ bottom line beat the Zacks Consensus Estimate in three of the trailing four quarters, the average beat being 10.4%.

Helix Energy’s earnings exceeded the consensus mark in three of the last four quarters, the average earnings surprise being 66.7%.

Today's Stocks from Zacks' Hottest Strategies

It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.

And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.

See Them Free>>


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
 
SCANA Corporation (SCG) : Free Stock Analysis Report
 
TC PipeLines, LP (TCP) : Free Stock Analysis Report
 
Petroleo Brasileiro S.A.- Petrobras (PBR) : Free Stock Analysis Report
 
Helix Energy Solutions Group, Inc. (HLX) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research