Alliant Energy Corporation (NASDAQ:LNT) is set to announce third quarter earning results on Monday 2nd November 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, LNT to report 3Q20 income of $ 0.90 per share from revenue of $ 974.23 million.
For the full year, analysts anticipate top line of $ 3671.03 million, while looking forward to income of $ 2.42 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 2.34 ~ $ 2.48 per share
Click Here For More Historical Outlooks Of Alliant Energy Corporation
Previous Quarter Performance
Alliant Energy Corporation disclosed income for the second quarter of $ 0.54 per share, from the revenue of $ 763.10 million. The quarterly earnings developed 35.00 percent while revenues reduced 3.43 percent compared with the same quarter last year.
According to street consensus, LNT was expected to report 2Q20 income of $ 0.46 per share from revenue of $ 806.48 million. The bottom line results beat street analysts by $ 0.08 or 17.39 percent, at the same time, top line results fell short of analysts by $ 43.38 million or 5.38 percent.
Stock Performance
On Friday, shares of Alliant Energy Corporation has traded high as $ 55.73 and has cracked $ 54.64 on the downward trend, reaching $ 55.28 with volume of 1.27 million shares.
According to the previous trading day, closing price of $ 55.28, representing a 47.56 % increase from the 52 week low of $ 37.66 and a 7.81 % decrease over the 52 week high of $ 60.28.
The company has a market capital of $ 13.80 billion and is part of the Utilities sector and Electric Utilities industry.
Recent Analyst recommendations
- On 21st September 2020, downgraded by Barclays to Equal-Weight from Overweight rating.
Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services in the Midwest region of the United States. It operates through three segments: Electric, Gas, and Other. The company, through its subsidiary, Interstate Power and Light Company (IPL), primarily generates and distributes electricity, and distributes and transports natural gas to retail customers in Iowa; sells electricity to wholesale customers in Minnesota, Illinois, and Iowa; and generates and distributes steam in Cedar Rapids, Iowa.
