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

Alliant Energy

03/05/2024 24:38

* Alliant Energy Corp  LNT.OQ  reported quarterly adjusted
earnings of 62 cents​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of 65 cents.  The mean expectation of nine analysts for the
quarter was for earnings of 62 cents per share. Wall Street
expected results to range from 57 cents to 65 cents per share.
    * Revenue fell 4.3% to $1.03 billion from a year ago;
analysts
expected $1.06 billion. 
    * Alliant Energy Corp's reported EPS for the quarter was 62
cents​.
    * The company reported quarterly net income of $158 million.
    * Alliant Energy Corp shares had fallen by 0.1% this
quarter and
lost 1.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 5.9%
in the last three months.​ 
    * In the last 30 days, six 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 May 2 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
 Mar. 31 2024      0.62           0.62           Met
 Dec. 31 2023      0.55           0.48           Missed
 Sep. 30 2023      0.93           1.05           Beat
 Jun. 30 2023      0.57           0.64           Beat