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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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.