Atlanta, Georgia-based The Southern Company (SO) engages in the generation, transmission, and distribution of electricity. With a market cap of $90.4 billion, Southern operates as one of the largest utility companies in the U.S. and serves over 9 million customers in Mississippi, Alabama, Georgia, Tennessee, Virginia, and other states.
The utility giant is set to unveil its fourth-quarter results before the market opens on Thursday, Feb. 20. Ahead of the event, analysts expect Southern to report a non-GAAP profit of $0.54 per share, down 15.6% from $0.64 per share reported in the year-ago quarter. However, the company has a robust earnings surprise. It has surpassed analysts’ EPS estimates in each of the past four quarters. Its adjusted EPS for the last reported quarter increased marginally to $1.43, exceeding the consensus estimates by 7.5%.
