Alliant Energy Corp reports results for the quarter ended in December - Earnings Summary

Alliant Energy

15/02/2024 23:39

* Alliant Energy Corp  LNT.OQ  reported quarterly adjusted
earnings of 48 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of 47 cents.  The mean expectation of
eight analysts for the quarter was for earnings of 55 cents per
share. Wall Street expected results to range from 51 cents to 62
cents per share.
    * Revenue fell 9.2% to $961.00 million from a year ago;
analysts
expected $1.12 billion. 
    * Alliant Energy Corp's reported EPS for the quarter was 47
cents​.
    * The company reported quarterly net income of $121 million.
    * Alliant Energy Corp shares had fallen by 7.2% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.2%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 9
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the electric
utilities
peer group is also "hold"

Wall Street's median 12-month price target for Alliant Energy
Corp is $53.00 
This summary was machine generated from LSEG data February 15 at
11:38 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.55           0.48           Missed
 Sep. 30 2023      0.93           1.05           Beat
 Jun. 30 2023      0.57           0.64           Beat
 Mar. 31 2023      0.73           0.65           Missed