Alliant Energy Corp reports results for the quarter ended June 30 - Earnings Summary

• Alliant Energy Corp LNT.OQ reported quarterly adjusted earnings of 68 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 57 cents. The mean expectation of nine analysts for the quarter was for earnings of 64 cents per share. Wall Street expected results to range from 60 cents to 69 cents per share.

• Revenue rose 7.5% to $961.00 million from a year ago; analysts expected $887.24 million.

• Alliant Energy Corp's reported EPS for the quarter was 68 cents​.

• The company reported quarterly net income of $174 million.

• Alliant Energy Corp shares had risen by 9.3% this quarter and gained 11.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 2.4% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," 5 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the electric utilities peer group is also "buy"

• Wall Street's median 12-month price target for Alliant Energy Corp is $67.00, about 1.3% above its last closing price of $66.12

This summary was machine generated from LSEG data August 8 at 05:19 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)