- Alliant Energy‘s Q1 recorded revenue was $1.03 billion, marking a 4.3% decrease year-over-year, matching the estimate of $1.04 billion.
- Non-Utility revenue remained constant at $22 million year-over-year.
- Electric Utility revenue saw an increase of 3% year-over-year, netting $791 million.
- There was a significant 18% increase year-over-year in Other Utility revenue which resulted in $13 million.
- Gas Utility revenue dropped significantly by 26% year-over-year to $205 million.
- Earnings Per Share (EPS) was recorded at 62 cents, compared to 65 cents in the same period last year.
- Alliant Energy has restated the expected EPS for 2024 to be in the range of $2.99 to $3.13, matching the estimated value of $3.06.
- The feedback from the market on Alliant is mixed but mostly neutral, with 5 buys and 8 holds, and no sells reported.
A look at Alliant Energy Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts using Smartkarma Smart Scores have assessed Alliant Energy Corporation’s long-term outlook based on key factors. With a solid score of 4 for Dividend and Momentum, the company is viewed favorably for its consistent dividend payouts and positive price momentum. This suggests a promising path for investors looking for stable returns and potential growth opportunities.
However, Alliant Energy‘s scores for Value, Growth, and Resilience are slightly lower, indicating room for improvement in these areas. The company operates as a public-utility service provider in the Midwest, offering electric, natural gas, and water services to customers in several states. Despite some areas for growth, the overall outlook for Alliant Energy remains positive, especially for investors seeking steady dividends and market momentum.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
