Alliant Energy Set to Announce Q1 Earnings with Analyst Projections

Alliant Energy Corporation (LNT), based in Madison, Wisconsin, is a utility holding company that provides regulated electric and natural gas services. With a market capitalization of $15.2 billion, the company operates using a diversified fuel mix, including coal, natural gas, and renewable energy sources. The utility is expected to announce its fiscal Q1 2025 earnings on Thursday, May 8, after the market closes.

Q1 Earnings Projections

Analysts are forecasting that Alliant Energy will report a profit of $0.56 per share, representing a decline of 9.7% compared to $0.62 per share during the same quarter last year. The company has managed to exceed Wall Street’s earnings estimates in two of the last four quarters while falling short in the other two. Notably, in the previous quarter, Alliant Energy reported earnings of $0.70 per share, surpassing consensus estimates by 2.9%.

Annual Earnings Expectations

Looking ahead to the full fiscal year, analysts anticipate that LNT will report earnings per share (EPS) of $3.22, marking an increase of 5.9% from $3.04 in fiscal 2024. Furthermore, analysts project a continued EPS growth of 7.1% year over year, reaching $3.45 in fiscal 2026.

Stock Performance Overview

Over the past year, LNT stock has increased by 19%, significantly outperforming the S&P 500 Index’s 3.8% growth and the Utilities Select Sector SPDR Fund’s (XLU) 16.1% rise within the same period.

Recent Quarterly Results

On February 20, Alliant Energy released mixed Q4 results. Although its revenue of $976 million fell below Wall Street’s expectations, the stock still gained 1.9% the following day. Investor sentiment may have improved due to a substantial 45.8% year-over-year increase in adjusted EPS to $0.70, beating consensus estimates by $2.9%. The substantial growth in earnings from its Interstate Power and Light Company (IPL) segment, which saw a striking 188.6% increase, played a crucial role in this bottom-line performance. Moreover, a 3.1% reduction in operating expenses and a 6.6% rise in utility electric sales, alongside a 7.2% increase in utility gas sales, further contributed to the positive price action.

Analysts’ Ratings and Price Target

Wall Street analysts have a moderately optimistic view of Alliant Energy’s stock, overall rating it as a “Moderate Buy.” Among the 12 analysts covering the stock, four recommend a “Strong Buy,” while eight suggest a “Hold.” The average price target for LNT is set at $64.85, indicating a potential upside of 9.4% from current levels.

On the date of publication, Neharika Jain did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information, please view the Barchart Disclosure Policy here.

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