Curious about Southern Co. (SO) Q3 Performance? Explore Wall Street Estimates for Key Metrics

Wall Street analysts expect Southern Co. (SO) to post quarterly earnings of $1.50 per share in its upcoming report, which indicates a year-over-year increase of 4.9%. Revenues are expected to be $7.57 billion, up 4.1% from the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 9.3% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.With that in mind, let's delve into the average projections of some Southern Co. metrics that are commonly tracked and projected by analysts on Wall Street.The consensus estimate for 'Operating Revenues- Southern Power' stands at $598.56 million. The estimate suggests a change of -0.2% year over year.The combined assessment of analysts suggests that 'Operating Revenues- Southern Company Natural Gas' will likely reach $729.93 million. The estimate suggests a change of +7% year over year.Analysts' assessment points toward 'Operating Revenues- Georgia Power - Other Revenues' reaching $220.22 million. The estimate suggests a change of +5.4% year over year.Analysts expect 'Operating Revenues- Mississippi Power - Retail Revenues' to come in at $263.70 million. The estimate suggests a change of -4.5% year over year.The consensus among analysts is that 'Operating Revenues- Southern Company Gas - Gas Distribution Operations' will reach $685.39 million. The estimate indicates a year-over-year change of +11.3%.Analysts predict that the 'Operating Revenues- Southern Company Gas - Gas Marketing Services' will reach $57.13 million. The estimate suggests a change of +7.8% year over year.It is projected by analysts that the 'Operating Revenues- Retail Electric' will reach $5.05 billion. The estimate indicates a year-over-year change of -5.9%.The average prediction of analysts places 'Operating Revenues- Alabama Power' at $2.14 billion. The estimate indicates a change of +0.2% from the prior-year quarter.The collective assessment of analysts points to an estimated 'Operating Revenues- Georgia Power' of $3.33 billion. The estimate points to a change of -4% from the year-ago quarter.According to the collective judgment of analysts, 'Operating Revenues- Mississippi Power' should come in at $403.96 million. The estimate points to a change of -2% from the year-ago quarter.Based on the collective assessment of analysts, 'Operating Revenues- Georgia Power - Wholesale Revenues' should arrive at $81.27 million. The estimate indicates a change of +4.2% from the prior-year quarter.Analysts forecast 'Operating Revenues- Georgia Power - Retail Revenues' to reach $3.03 billion. The estimate points to a change of -4.8% from the year-ago quarter. View all Key Company Metrics for Southern Co. here>>> Over the past month, Southern Co. shares have recorded returns of +1.4% versus the Zacks S&P 500 composite's +2.5% 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 >>>> .Beyond Nvidia: AI's Second Wave Is HereThe AI revolution has already minted millionaires. But the stocks everyone knows about aren't likely to keep delivering the biggest profits. Little-known AI firms tackling the world's biggest problems may be more lucrative in the coming months and years.See "2nd Wave" AI stocks now >>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 Southern Company (The) (SO): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks