Alliant Energy (LNT) Q3 Earnings and Revenues Surpass Estimates

Alliant Energy (LNT) has reported its quarterly earnings, achieving earnings of $1.15 per share. This figure exceeds the Zacks Consensus Estimate of $1.11 per share and shows an increase from last year's earnings of $1.05 per share. These results have been adjusted for non-recurring items.

This quarterly performance indicates an earnings surprise of 3.60%. In contrast, during the previous quarter, analysts had anticipated earnings of $0.71 per share, but the company reported earnings of only $0.57, resulting in a negative surprise of -19.72%.

Over the past four quarters, Alliant Energy has only surpassed consensus EPS estimates on one occasion.

In terms of revenue, Alliant Energy posted $1.08 billion for the quarter ending September 2024, which slightly exceeded the Zacks Consensus Estimate by 0.06%. This figure matches the revenues reported in the same quarter last year. Like its earnings, the company has only exceeded revenue estimates once over the last four quarters.

The future performance of the stock will greatly depend on management's insights during the upcoming earnings call, as investors look for indications about its sustainability moving forward.

Since the start of the year, Alliant Energy's shares have risen approximately 15.6%, which is less than the S&P 500's rise of 21.9%.

Future Outlook for Alliant Energy

While Alliant Energy has not matched the market's performance this year, investors are left wondering what lies ahead for the stock.

Determining a clear answer to this question is not straightforward, but examining the company’s earnings outlook can provide insight. This encompasses both the current consensus earnings expectations for upcoming quarters and any recent changes to these estimates.

Research indicates a strong link between short-term stock performance and the trends in earnings estimate revisions. Investors can monitor these revisions independently or utilize tools like the Zacks Rank, which effectively highlights the significance of earnings estimate revisions.

Leading up to this earnings report, the trend for estimate revisions concerning Alliant Energy has been unfavorable. Despite the potential for revision trends to alter following the release of their latest earnings, the current situation has placed Alliant Energy at a Zacks Rank #4 (Sell). Indications suggest that the stock could underperform in the near term. For a complete list of Zacks #1 Rank (Strong Buy) stocks, you can refer to their website.

It will be interesting to see how estimates for the coming quarters and the current fiscal year evolve following this report. The consensus estimate for the next quarter stands at $0.71 per share with expected revenues of $1.22 billion, while the estimate for the current fiscal year is $3.05 per share on $4.21 billion in revenues.

Additionally, it's important for investors to consider the industry outlook, as it can significantly influence the stock's performance. Currently, the Utility - Electric Power sector ranks in the top 39% among over 250 Zacks industries. Historical data reveals that the top 50% of Zacks-ranked industries outperform the lower half by a considerable margin.

Another company within the same sector, PG&E (PCG), is set to announce its results for the quarter ending September 2024 on November 7.

PG&E is projected to release earnings of $0.32 per share, reflecting a year-over-year increase of +33.3%. However, the consensus EPS estimate has been lowered by 8.7% over the previous 30 days to reach the current figure.

For PG&E, anticipated revenues are predicted to be $6.67 billion, which signifies a 13.3% increase from the prior year.

Earnings, Revenues, Performance