Countdown to Southern Co. (SO) Q2 Earnings: A Look at Estimates Beyond Revenue and EPS

In its upcoming report, Southern Co. (SO) is predicted by Wall Street analysts to post quarterly earnings of $1.01 per share, reflecting an increase of 11% compared to the same period last year. Revenues are forecasted to be $7.35 billion, representing a year-over-year increase of 5.5%.

Over the last 30 days, there has been a downward revision of 4.8% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.

Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.

While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.

In light of this perspective, let's dive into the average estimates of certain Southern Co. metrics that are commonly tracked and forecasted by Wall Street analysts.

Analysts predict that the 'Operating Revenues- Southern Company Natural Gas' will reach $1.05 billion. The estimate indicates a change of +7.1% from the prior-year quarter.

Analysts' assessment points toward 'Operating Revenues- Southern Power' reaching $651.20 million. The estimate indicates a change of +19.3% from the prior-year quarter.

Analysts expect 'Operating Revenues- Natural Gas revenues' to come in at $1.05 billion. The estimate indicates a change of +7.1% from the prior-year quarter.

Analysts forecast 'Total retail sales' to reach $38.19 billion. The estimate suggests a change of +2.7% year over year.

The consensus among analysts is that 'Net Income Available to Common- Southern Power' will reach $79.78 million. The estimate compares to the year-ago value of $51.00 million.

The collective assessment of analysts points to an estimated 'Net Income Available to Common- Southern Company Gas' of $142.46 million. Compared to the present estimate, the company reported $106.00 million in the same quarter last year.

Over the past month, Southern Co. shares have recorded returns of +0.1% versus the Zacks S&P 500 composite's +0.8% change. Based on its Zacks Rank #3 (Hold), SO will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

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