Alliant Energy
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Alliant Energy whiffed on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank and GAAP earnings per share expanded significantly.
Margins grew across the board.
Revenue details
Alliant Energy booked revenue of $887.6 million. The three analysts polled by S&P Capital IQ wanted to see revenue of $992.4 million on the same basis. GAAP reported sales were 13% lower than the prior-year quarter's $1.02 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
EPS came in at $1.36. The eight earnings estimates compiled by S&P Capital IQ predicted $1.30 per share. GAAP EPS of $1.36 for Q3 were 24% higher than the prior-year quarter's $1.10 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Margin details
For the quarter, gross margin was 46.9%, 1,830 basis points better than the prior-year quarter. Operating margin was 24.1%, 600 basis points better than the prior-year quarter. Net margin was 17.4%, 550 basis points better than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $694.0 million. On the bottom line, the average EPS estimate is $0.59.
Next year's average estimate for revenue is $3.24 billion. The average EPS estimate is $2.98.
Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 77 members out of 90 rating the stock outperform, and 13 members rating it underperform. Among 29 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 24 give Alliant Energy a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Alliant Energy is outperform, with an average price target of $48.25.
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