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- NasdaqGS:LNT
Alliant Energy Second Quarter 2024 Earnings: Misses Expectations
Alliant Energy (NASDAQ:LNT) Second Quarter 2024 Results
Key Financial Results
- Revenue: US$894.0m (down 2.0% from 2Q 2023).
- Net income: US$87.0m (down 46% from 2Q 2023).
- Profit margin: 9.7% (down from 18% in 2Q 2023). The decrease in margin was primarily driven by higher expenses.
- EPS: US$0.34 (down from US$0.64 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Alliant Energy Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 5.5%. Earnings per share (EPS) also missed analyst estimates by 46%.
Looking ahead, revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Electric Utilities industry in the US.
Performance of the American Electric Utilities industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 2 warning signs for Alliant Energy (1 shouldn't be ignored!) that you need to be mindful of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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About NasdaqGS:LNT
Alliant Energy
Operates as a utility holding company that provides regulated electricity and natural gas services in the United States.
Average dividend payer with acceptable track record.