Southern Company-Southern Co. (SO) Q4 Earnings Preview: What You Should Know Beyond the Headline Estimates

Core Viewpoint - Southern Co. is expected to report quarterly earnings of $0.51 per share, reflecting a 20.3% decline year-over-year, while revenues are forecasted to increase by 2.9% to$ 6.22 billion [1] Group 1: Earnings and Revenue Estimates - The consensus EPS estimate for the quarter has been revised upward by 1.2% over the past 30 days, indicating analysts' positive reassessment [1] - Analysts predict 'Operating Revenues- Southern Power' to be $567.15 million, a year-over-year increase of 12.8% [4] - The estimated 'Operating Revenues- Southern Company Natural Gas' is$ 1.15 billion, showing a decline of 10.3% compared to the previous year [4] Group 2: Specific Revenue Projections - 'Operating Revenues- Georgia Power - Wholesale Revenues' is expected to reach $44.84 million, reflecting a 15% increase year-over-year [5] - 'Operating Revenues- Georgia Power - Other Revenues' is projected at$ 198.66 million, indicating a 27.4% increase from the prior year [5] - 'Operating Revenues- Mississippi Power - Retail Revenues' is estimated at $221.11 million, showing a 1.4% increase year-over-year [6] Group 3: Additional Revenue Insights - 'Operating Revenues- Southern Company Gas - Gas Distribution Operations' is forecasted to be$ 926.59 million, a decrease of 15.8% from the prior year [7] - 'Operating Revenues- Natural Gas revenues' is expected to be $1.21 billion, reflecting a decline of 6.2% year-over-year [7] - 'Operating Revenues- Alabama Power' is projected at$ 1.82 billion, indicating an 11.8% increase from the previous year [8] Group 4: Overall Market Performance - Over the past month, shares of Southern Co. have returned 3.4%, compared to a 4.9% increase in the Zacks S&P 500 composite [9]