Alliant Energy Corporation LNT is slated to release third-quarter 2022 financial results on Nov 7, after market close. Alliant Energy witnessed an earnings surprise of 8.6% in the last reported quarter.
Let’s see how things have shaped up before the upcoming earnings announcement.
Factors to Consider
Alliant Energy’s new 50 megawatt (MW) solar project, which started operating during the third quarter, is likely to have contributed to the period’s earnings.
Rising demand from the residential and commercial customer groups are likely to have boosted LNT’s third-quarter performance. Alliant Energy’s team is working efficiently to control costs, which might also benefit the company’s performance.
The Zacks Consensus Estimate for third-quarter 2022 earnings per share is pegged at $1.04, indicating a nearly 2% rise from the year-ago quarter’s reported figure.
What the Quantitative Model Predicts
Our proven model does not conclusively predict an earnings beat for Alliant Energy this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. However, that is not the case here, as you will see below.
Alliant Energy Corporation Price and EPS Surprise
Alliant Energy Corporation price-eps-surprise | Alliant Energy Corporation Quote
Earnings ESP: Alliant Energy has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Currently, LNT carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Stocks to Consider
Investors can consider the following players from the same industry that have the right combination of elements to beat earnings in this reporting cycle.
Brookfield Renewable Partners BEP is likely to come up with an earnings beat when it reports third-quarter results on Nov 4. BEP has an Earnings ESP of +28.57% and a Zacks Rank #2 at present.
The Zacks Consensus Estimate for BEP’s 2022 and 2023 earnings per unit indicates 62.3% and 132.9% year-over-year growth, respectively.
Ameren Corporation AEE is likely to come up with an earnings beat when it reports third-quarter results on Nov 4. AEE has an Earnings ESP of +1.4% and a Zacks Rank #3 at present.
Ameren’s long-term (three to five-year) earnings growth is currently pegged at 7.2%. The Zacks Consensus Estimate for AEE’s 2022 and 2023 EPS indicates 6.2% and 7% year-over-year growth, respectively.
The AES Corporation AES is likely to come up with an earnings beat when it reports third-quarter results on Nov 4. AES has an Earnings ESP of +3.42% and a Zacks Rank #3 at present.
AES Corp.’s long-term earnings growth is currently pegged at 8.2%. The Zacks Consensus Estimate for AES’ 2022 and 2023 EPS indicates 5.9% and 10% year-over-year growth, respectively.
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Ameren Corporation (AEE) : Free Stock Analysis Report
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Brookfield Renewable Partners L.P. (BEP) : Free Stock Analysis Report
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