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

Alliant Energy

02/11/2023 23:35

* Alliant Energy Corp  LNT.OQ  reported quarterly adjusted
earnings of $1.02​​ per share for the quarter ended in
September, higher than the same quarter last year, when the
company reported EPS of 93 cents.  The mean expectation of
nine analysts for the quarter was for earnings of 93 cents per
share. Wall Street expected results to range from 90 cents to 97
cents per share.
    * Revenue fell 5.1% to $1.08 billion from a year ago;
analysts
expected $1.13 billion. 
    * Alliant Energy Corp's reported EPS for the quarter was
$1.02​.
    * The company reported quarterly net income of $259 million.
    * Alliant Energy Corp shares had risen by 2.2% this
quarter and
lost 10.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.1%
in the last three months.​ 
    * In the last 30 days, five analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the electric
utilities
peer group is also "buy"

Wall Street's median 12-month price target for Alliant Energy
Corp is $51.00 
This summary was machine generated from LSEG data November 2 at
11:35 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.93           1.02           Beat
 Jun. 30 2023      0.57           0.64           Beat
 Mar. 31 2023      0.73           0.65           Missed
 Dec. 31 2022      0.47           0.47           Met