Alert: New Earnings Report (11/2/23)-Alliant Energy Corporation (NASDAQ: LNT).


Alliant Energy Corporation (NASDAQ: LNT) has reported earnings for its third fiscal quarter (ending September 30) of $1.02 versus $0.90 for the same period a year ago — an increase of 13%. This result exceeded the consensus estimate of $0.93 by $0.09. For the latest four quarters through September 30, E.P.S. were $2.74 compared to $2.66 a year ago — an increase of 3%.


Recent Price Action

Alliant Energy Corporation (NASDAQ: LNT) stock closed at $50.26 on 11/2/23 after an increase of 1.5%. The stock has risen 1.5% during the last week and has performed in line with the market over the last nine months.

Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to exceed the cost of capital, LNT is expected to continue to be an important Value Builder.

Alliant Energy has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Alliant Energy has a neutral Appreciation Score of 51 and a neutral Power Rating of 55, leading to the Neutral Value Trend Rating.

Rating Review

In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.

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