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 44% to $0.72 in the quarter versus EPS of $0.50 in the year-earlier quarter.
Revenue: Rose 12.26% to $859.6 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Alliant Energy Corporation reported adjusted EPS income of $0.72 per share. By that measure, the company beat the mean analyst estimate of $0.61. It beat the average revenue estimate of $765.36 million.
Quoting Management: “I am pleased with the solid financial results produced in the first quarter of 2013,” said Patricia Kampling, Alliant Energy Chairman, President and CEO. “The results reflect our financial discipline and focus on earning our authorized returns while managing rate impacts to our customers.”
Key Stats (on next page)…
Revenue increased 14.48% from $750.9 million in the previous quarter. EPS increased 12.5% from $0.64 in the previous quarter.
Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.49 to a profit $0.52. For the current year, the average estimate has moved down from a profit of $3.14 to a profit of $3.13 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)