What's In Store For Alliant Energy (LNT) In Q1 Earnings?
Zacks Investment Research | Apr 25, 2018 10:39PM ET
Alliant Energy Corporation (NYSE:LNT) is slated to report first-quarter 2018 results after the market closes on May 2. In the last reported quarter, the utility company delivered a negative earnings surprise of 13.16%. Let’s see how things are shaping up for this earnings season.
Factors to Consider
Alliant Energy’s earnings are expected to gain from its robust capital expenditure plans and constructive regulatory decisions. The progress, already made by the company in its wind-generation expansion plans and electricity generation from natural gas plans, will aid in meeting its earnings growth objective of 5-7%.
The Zacks Consensus Estimate for first-quarter earnings is 51 cents, which reflects year-over-year growth of 18.6%. The company expects to benefit from higher demand from the industrial customers, offset by lower consumption from residential customers due to energy efficiency efforts.
Alliant Energy Corporation Price and EPS Surprise
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