The 10-second takeaway
For the quarter ended March 31 (Q1), Alliant Energy beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew. Non-GAAP earnings per share grew significantly. GAAP earnings per share grew significantly.
Margins expanded across the board.
Alliant Energy logged revenue of $859.6 million. The three analysts polled by S&P Capital IQ expected to see net sales of $765.4 million on the same basis. GAAP reported sales were 12% higher than the prior-year quarter's $765.7 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.72. The eight earnings estimates compiled by S&P Capital IQ predicted $0.61 per share. Non-GAAP EPS of $0.72 for Q1 were 44% higher than the prior-year quarter's $0.50 per share. (The prior-year quarter included -$0.04 per share in earnings from discontinued operations.) GAAP EPS of $0.63 for Q1 were 97% higher than the prior-year quarter's $0.32 per share. (The prior-year quarter included -$0.04 per share in earnings from discontinued operations.)
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 27.9%, 130 basis points better than the prior-year quarter. Operating margin was 14.0%, 150 basis points better than the prior-year quarter. Net margin was 9.3%, 470 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $643.2 million. On the bottom line, the average EPS estimate is $0.52.
Next year's average estimate for revenue is $3.24 billion. The average EPS estimate is $3.13.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 85 members out of 99 rating the stock outperform, and 14 members rating it underperform. Among 33 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 28 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 $50.00.
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