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What's in the Offing for Alliant Energy's (LNT) Q1 Earnings?
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Alliant Energy Corporation (LNT - Free Report) is slated to release first-quarter 2021 financial results on May 6. The company delivered an earnings surprise of 4.4% in the last reported quarter.
Let’s discuss the factors that are likely to get reflected in the company’s upcoming quarterly results.
Factors to Consider
Alliant Energy’s investments to upgrade technology and install more cost-effective generation projects have been helping it lower operating expenses. The company is expected to have benefited from the same in the first quarter as well. In addition, the expanding rate base is expected to benefit its first-quarter results.
With the gradual reopening of the economy, the utility is likely to have benefited from improving demand from the Commercial and Industrial group. In addition, steady demand from the residential space is likely to have aided the company’s first-quarter earnings.
Expectations
The Zacks Consensus Estimate for first-quarter 2021 earnings per share is pegged at 67 cents, which indicates a decline of 6.9% from the year-ago reported figure.
What Our Model Indicates
Our proven model does not conclusively predict an earnings beat for Alliant Energy this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. That is not the case here as you see below. You can see the complete list of today’s Zacks #1 Rank stocks here.
Earnings ESP: The company has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter
Zacks Rank: Currently, Alliant Energy carries a Zacks Rank #3.
Stocks to Consider
Here are some companies worth considering from the same industry, which according to our model have the right combination of elements to beat on earnings in the upcoming releases.
CenterPoint Energy (CNP - Free Report) is set to release first-quarter 2021 results on May 6. It has an Earnings ESP of +4.52% and a Zacks Rank #3, presently.
Consolidated Edison (ED - Free Report) is set to release first-quarter 2021 results on May 6. It has an Earnings ESP of +0.06% and a Zacks Rank #3, at present.
Duke Energy Corporation (DUK - Free Report) is set to release first-quarter 2021 results on May 10. This #3 Ranked player has an Earnings ESP of +0.16% at present.
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What's in the Offing for Alliant Energy's (LNT) Q1 Earnings?
Alliant Energy Corporation (LNT - Free Report) is slated to release first-quarter 2021 financial results on May 6. The company delivered an earnings surprise of 4.4% in the last reported quarter.
Let’s discuss the factors that are likely to get reflected in the company’s upcoming quarterly results.
Factors to Consider
Alliant Energy’s investments to upgrade technology and install more cost-effective generation projects have been helping it lower operating expenses. The company is expected to have benefited from the same in the first quarter as well. In addition, the expanding rate base is expected to benefit its first-quarter results.
With the gradual reopening of the economy, the utility is likely to have benefited from improving demand from the Commercial and Industrial group. In addition, steady demand from the residential space is likely to have aided the company’s first-quarter earnings.
Expectations
The Zacks Consensus Estimate for first-quarter 2021 earnings per share is pegged at 67 cents, which indicates a decline of 6.9% from the year-ago reported figure.
What Our Model Indicates
Our proven model does not conclusively predict an earnings beat for Alliant Energy this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. That is not the case here as you see below. You can see the complete list of today’s Zacks #1 Rank stocks here.
Alliant Energy Corporation Price and EPS Surprise
Alliant Energy Corporation price-eps-surprise | Alliant Energy Corporation Quote
Earnings ESP: The company has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter
Zacks Rank: Currently, Alliant Energy carries a Zacks Rank #3.
Stocks to Consider
Here are some companies worth considering from the same industry, which according to our model have the right combination of elements to beat on earnings in the upcoming releases.
CenterPoint Energy (CNP - Free Report) is set to release first-quarter 2021 results on May 6. It has an Earnings ESP of +4.52% and a Zacks Rank #3, presently.
Consolidated Edison (ED - Free Report) is set to release first-quarter 2021 results on May 6. It has an Earnings ESP of +0.06% and a Zacks Rank #3, at present.
Duke Energy Corporation (DUK - Free Report) is set to release first-quarter 2021 results on May 10. This #3 Ranked player has an Earnings ESP of +0.16% at present.
Breakout Biotech Stocks with Triple-Digit Profit Potential
The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.
Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +50%, +83% and +164% in as little as 2 months. The stocks in this report could perform even better.
See these 7 breakthrough stocks now>>