Alliant Energy Corp reports results for the quarter ended in September 30 - Earnings Summary

Alliant Energy

01/11/2024 03:01

* Alliant Energy Corp  LNT.OQ  reported quarterly adjusted
earnings of $1.15​​ per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of $1.05.  The mean expectation of nine analysts
for the quarter was for earnings of $1.10 per share. Wall Street
expected results to range from $1.08  to $1.12 per share.
    * Revenue rose 0.4% to $1.08 billion from a year ago;
analysts
expected $1.08 billion. 
    * Alliant Energy Corp's reported EPS for the quarter was
$1.15​.
    * The company reported quarterly net income of $295 million.
    * Alliant Energy Corp shares had fallen by 3.1% this
quarter and
gained 14.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.7%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 8
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the electric
utilities
peer group is  "hold."

Wall Street's median 12-month price target for Alliant Energy
Corp is 64.00 
This summary was machine generated from LSEG data November 1 at
03:00 a.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
 Sep. 30 2024      1.10           1.15           Beat
 Jun. 30 2024      0.64           0.57           Missed
 Mar. 31 2024      0.62           0.62           Met
 Dec. 31 2023      0.55           0.48           Missed