Alliant Energy Earnings: Everything You Must Know Now
Alliant Energy Corporation (NYSE:LNT) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Alliant Energy Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 1.72% to $0.59 in the quarter versus EPS of $0.58 in the year-earlier quarter.
Revenue: Rose 4.01% to $718 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Alliant Energy Corporation reported adjusted EPS income of $0.59 per share. By that measure, the company beat the mean analyst estimate of $0.55. It beat the average revenue estimate of $683.06 million.
Quoting Management: “I am pleased with the consistent financial performance of our company,” said Patricia Kampling, Alliant Energy Chairman, President and CEO. “With the solid earnings to date, we are reaffirming 2013 earnings per share guidance.”
Key Stats (on next page)…
Revenue decreased 16.47% from $859.6 million in the previous quarter. EPS decreased 18.06% from $0.72 in the previous quarter.
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $1.42 to a profit $1.35. For the current year, the average estimate is a profit of $3.13, which is the same with that ninety days ago.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)