For its first fiscal quarter (ending March 31), Alliant Energy Corporation (NASDAQ: LNT) has reported a -5% decline in E.P.S. from $0.65 a year ago to $0.62 in the current quarter. However, this result exceeded the consensus estimate of $0.61 by $0.01. E.P.S. were $2.75 for the latest four quarters through March 31 versus $2.61 for the same period a year ago — an increase of 5%.
Recent Price Action
On 5/2/24, Alliant Energy Corporation (NASDAQ: LNT) stock rose modestly by 1.0%, closing at $50.85. Trading volume in this advance was normal. Relative to the market the stock has been weak over the last nine months but has risen 1.0% during the last week.
Current PriceTarget Research Rating
LNT is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Alliant Energy has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Alliant Energy has a neutral Appreciation Score of 59 and a neutral Power Rating of 42, leading to the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment