Alliant Energy Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Alliant Energy (NASDAQ:LNT) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$1.08b (flat on 3Q 2023).
• Net income: US$295.0m (up 14% from 3Q 2023).
• Profit margin: 27% (up from 24% in 3Q 2023).
• EPS: US$1.15 (up from US$1.02 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Alliant Energy EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) exceeded analyst estimates by 4.0%.

Looking ahead, revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Electric Utilities industry in the US.

Performance of the American Electric Utilities industry.

The company's shares are down 4.9% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Alliant Energy (1 doesn't sit too well with us!) that you should be aware of.

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