Earnings Alerts

Alliant Energy (LNT) Earnings: 2Q Adjusted EPS Falls Short of Estimates at 57c

  • Alliant Energy‘s adjusted EPS for Q2 is 57 cents, missing the estimate of 64 cents.
  • Total revenue for Q2 is $894 million, down 2% year-over-year, and below the estimate of $923.3 million.
  • Non-Utility revenue rises to $26 million, a 13% increase year-over-year.
  • Electric Utility revenue is $789 million, a decrease of 1.3% year-over-year.
  • Other Utility revenue falls to $10 million, a 23% decline year-over-year.
  • Gas Utility revenue decreases to $69 million, down 10% year-over-year.
  • The reported EPS is 34 cents, compared to 64 cents year-over-year.
  • Alliant Energy reaffirms its full-year earnings guidance of $2.99 to $3.13.
  • Analyst recommendations: 5 buys, 8 holds, and 0 sells.

Alliant Energy on Smartkarma

Analyst coverage of Alliant Energy on Smartkarma by Baptista Research reveals insights into the company’s strategic direction. In their report titled “Alliant Energy Corporation: Initiation of Coverage – What Is Their Core Business Strategy? – Major Drivers,” Baptista Research highlights the balance of strategic advancements and challenges Alliant Energy has encountered in 2024. The report applauds Alliant Energy for expanding its renewable energy capacity, with particular emphasis on significant investments in solar power. Notable achievements include the completion of a 1.1 gigawatts solar project in Wisconsin and progress in Iowa’s solar initiatives, indicative of the company’s commitment to reducing reliance on non-renewable energy sources.


A look at Alliant Energy Smart Scores

FactorScoreMagnitude
Value3
Dividend4
Growth3
Resilience2
Momentum4
OVERALL SMART SCORE3.2

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

With a mix of moderate to high scores across various factors, the long-term outlook for Alliant Energy appears to be promising. The company, which provides public-utility services to customers in the Midwest, scored well in terms of dividend and momentum, indicating a strong performance in these areas. However, there are some areas of concern with lower scores for resilience, suggesting potential vulnerabilities. Overall, Alliant Energy seems to be positioned well for steady growth and solid shareholder returns.

Alliant Energy Corporation, a provider of public-utility services in the Midwest, has received a mix of scores in different areas. The company scored relatively high in dividend and momentum, indicating strengths in these aspects. However, the scores for value, growth, and resilience were more moderate. Despite some areas for improvement, Alliant Energy‘s overall outlook seems positive, with the potential for continued growth and a focus on delivering value to investors.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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