The Southern Company

NYSE:SO Stock Report

Market Cap: US$100.1b

Southern Future Growth

Future criteria checks 1/6

Southern is forecast to grow earnings and revenue by 6.7% and 3.6% per annum respectively. EPS is expected to grow by 5.9% per annum. Return on equity is forecast to be 13.2% in 3 years.

Key information

6.7%

Earnings growth rate

5.9%

EPS growth rate

Electric Utilities earnings growth9.0%
Revenue growth rate3.6%
Future return on equity13.2%
Analyst coverage

Good

Last updated02 May 2025

Recent future growth updates

Earnings Update: The Southern Company (NYSE:SO) Just Reported Its Yearly Results And Analysts Are Updating Their Forecasts

Feb 22
Earnings Update: The Southern Company (NYSE:SO) Just Reported Its Yearly Results And Analysts Are Updating Their Forecasts

The Southern Company Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

May 06
The Southern Company Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Recent updates

Southern (NYSE:SO) Is Increasing Its Dividend To $0.74

Apr 25
Southern (NYSE:SO) Is Increasing Its Dividend To $0.74

A Look At The Fair Value Of The Southern Company (NYSE:SO)

Apr 14
A Look At The Fair Value Of The Southern Company (NYSE:SO)

Is Southern (NYSE:SO) A Risky Investment?

Mar 19
Is Southern (NYSE:SO) A Risky Investment?

Earnings Update: The Southern Company (NYSE:SO) Just Reported Its Yearly Results And Analysts Are Updating Their Forecasts

Feb 22
Earnings Update: The Southern Company (NYSE:SO) Just Reported Its Yearly Results And Analysts Are Updating Their Forecasts

Southern Company: Strong 2024 Earnings Reinforce Confidence In The Investment

Feb 21

Getting In Cheap On The Southern Company (NYSE:SO) Is Unlikely

Feb 19
Getting In Cheap On The Southern Company (NYSE:SO) Is Unlikely

The Southern Company's Good Fuel Mix

Feb 14

Should You Be Adding Southern (NYSE:SO) To Your Watchlist Today?

Feb 05
Should You Be Adding Southern (NYSE:SO) To Your Watchlist Today?

SOJF: A 6.5% Investment Grade Baby Bond IPO From The Southern Company

Jan 22

Southern Company: Solid Commercial Data Center Load Trends, Technical Support (Rating Upgrade)

Jan 15

Here's Why Southern (NYSE:SO) Has A Meaningful Debt Burden

Dec 11
Here's Why Southern (NYSE:SO) Has A Meaningful Debt Burden

Southern (NYSE:SO) Hasn't Managed To Accelerate Its Returns

Nov 28
Southern (NYSE:SO) Hasn't Managed To Accelerate Its Returns

Southern Company: One Of The Best Utilities At A Lofty Price

Nov 01

Here's Why We Think Southern (NYSE:SO) Might Deserve Your Attention Today

Oct 28
Here's Why We Think Southern (NYSE:SO) Might Deserve Your Attention Today

Southern Company Could Be Dead Money For The Foreseeable Future

Oct 08

The Southern Company's (NYSE:SO) Shares May Have Run Too Fast Too Soon

Sep 30
The Southern Company's (NYSE:SO) Shares May Have Run Too Fast Too Soon

The Southern Company: Time To Lock In Gains

Sep 28

Is Southern (NYSE:SO) Using Too Much Debt?

Sep 02
Is Southern (NYSE:SO) Using Too Much Debt?

Returns On Capital At Southern (NYSE:SO) Have Stalled

Aug 21
Returns On Capital At Southern (NYSE:SO) Have Stalled

The AI Factor: Southern Company's Pricey Power Play

Aug 19

Do Southern's (NYSE:SO) Earnings Warrant Your Attention?

Jul 28
Do Southern's (NYSE:SO) Earnings Warrant Your Attention?

Why Southern Company Will Beat Guidance

Jul 09

The Southern Company Electric Utility Generates 3.7% Yield

Jul 02

Subdued Growth No Barrier To The Southern Company's (NYSE:SO) Price

Jun 23
Subdued Growth No Barrier To The Southern Company's (NYSE:SO) Price

The Southern Company: A Premium Valuation With Lukewarm Growth

May 24

The Southern Company (NYSE:SO) Shares Could Be 31% Above Their Intrinsic Value Estimate

May 22
The Southern Company (NYSE:SO) Shares Could Be 31% Above Their Intrinsic Value Estimate

The Southern Company Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

May 06
The Southern Company Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Southern Company: How One Of The Best Utilities Could Return Over 10% Per Year

Mar 13

The Southern Company: Onboarding New Nuclear Plants

Feb 09

Southern Company: It's Almost Time To Buy This Proven 4%-Yielding Utility

Jan 25

Southern Company: The Pros And Cons Of A Stock And Bond Investment

Dec 21

The Southern Company: A Solid Company, But Still Overvalued

Nov 16

4%-Yielding Southern Company Is A Utility Gem

Nov 03

Southern Company: Hold This Stock For Stable Dividend Yield

Oct 11

Southern Company Looks Interesting Yielding Over 4%, Down 19% From Its Highs

Sep 29

Southern Company: Long-Term Buy For One Of The Sector's Best Regulatory Profiles

Aug 04

Earnings and Revenue Growth Forecasts

NYSE:SO - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/202730,3395,5752,26011,82810
12/31/202629,0085,1281,00410,93612
12/31/202527,8454,7501,12910,76312
3/31/202527,8534,606-39,727N/A
12/31/202426,7244,4017259,788N/A
9/30/202426,4284,7225899,428N/A
6/30/202426,1344,608-5398,652N/A
3/31/202425,4194,243-1,0948,020N/A
12/31/202325,2533,976-1,6417,553N/A
9/30/202326,2553,034-2,1477,025N/A
6/30/202327,6533,085-3,1755,623N/A
3/31/202329,1113,354-2,9905,554N/A
12/31/202229,2793,524-1,8116,302N/A
9/30/202227,9993,396-1,8046,105N/A
6/30/202225,8593,024-6456,844N/A
3/31/202223,8512,290-9366,519N/A
12/31/202123,1132,393-1,6056,169N/A
9/30/202122,4632,995-9586,557N/A
6/30/202121,8453,147-1,1046,753N/A
3/31/202121,2673,386-7607,044N/A
12/31/202020,3753,119-1,0376,696N/A
9/30/202020,1723,173-1,6176,120N/A
6/30/202020,5473,237-1,4196,115N/A
3/31/202021,0253,523-1,7385,931N/A
12/31/201921,4194,739-2,0085,781N/A
9/30/201921,8424,576-1,5516,242N/A
6/30/201922,0064,424-1,6046,200N/A
3/31/201922,5353,372-1,8596,180N/A
12/31/201823,4952,226N/A6,945N/A
9/30/201823,7862,443N/A6,727N/A
6/30/201823,8282,349N/A6,911N/A
3/31/201823,6321,122N/A7,007N/A
12/31/201723,031842N/A6,394N/A
9/30/201722,584544N/A5,849N/A
6/30/201722,647613N/A5,495N/A
3/31/201721,6752,617N/A4,912N/A
12/31/201619,8962,448N/A4,894N/A
9/30/201618,2832,522N/A5,482N/A
6/30/201617,4202,341N/A6,307N/A
3/31/201617,2982,348N/A6,239N/A
12/31/201517,4892,367N/A6,274N/A
9/30/201517,9382,379N/A6,216N/A
6/30/201517,8762,139N/A5,852N/A
3/31/201518,0062,120N/A5,625N/A
12/31/201418,4671,963N/A5,815N/A
9/30/201418,3772,094N/A6,373N/A
6/30/201418,0552,228N/A6,220N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: SO's forecast earnings growth (6.7% per year) is above the savings rate (2.8%).

Earnings vs Market: SO's earnings (6.7% per year) are forecast to grow slower than the US market (13.9% per year).

High Growth Earnings: SO's earnings are forecast to grow, but not significantly.

Revenue vs Market: SO's revenue (3.6% per year) is forecast to grow slower than the US market (8.4% per year).

High Growth Revenue: SO's revenue (3.6% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: SO's Return on Equity is forecast to be low in 3 years time (13.2%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/05/05 07:13
End of Day Share Price 2025/05/05 00:00
Earnings2025/03/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

The Southern Company is covered by 40 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jacob KilsteinArgus Research Company
Nathan JudgeAtlantic Equities LLP
Daniel FordBarclays