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What's in Store for Alliant Energy's (LNT) Q1 Earnings?

Zacks Equity Research

Alliant Energy Corporation LNT is slated to report first-quarter 2019 results after the market closes on May 2. In the last reported quarter, the company delivered in-line earnings. Let’s see how things are shaping up for this earnings season.

Factors to Consider

Alliant Energy’s first-quarter earnings are expected to gain from increasing rate base and modest sales growth in its service territories. The company expects the upcoming earnings to improve 6% year over year on the back of strong pipeline of investments in renewable energy, and electric and gas distribution.

The Zacks Consensus Estimate for first-quarter earnings per share is 53 cents, which indicates growth of 1.9% from the year-ago reported figure. The new rate of electricity, which became effective from 2018, is anticipated to boost first-quarter earnings.

Earnings Whispers

Our proven model shows that Alliant Energy is unlikely to beat estimates in the to-be-reported quarter because it does not have the right combination of the two key ingredients. A stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) to be able to beat estimates. Alliant Energy lacks the right mix.

You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Earnings ESP: The company’s Earnings ESP is -2.86%. This is because the Most Accurate Estimate stands at 51 cents and the Zacks Consensus Estimate is pegged at 38 cents.

Zacks Rank: Alliant Energy carries a Zacks Rank #3. Its favorable rank, when combined with the negative ESP, lowers the possibility of an earnings surprise this season.

We caution against Sell-rated stocks (#4 or 5) going into the earnings announcement, especially when the company is seeing negative estimate revisions.

Alliant Energy Corporation Price and EPS Surprise

Alliant Energy Corporation Price and EPS Surprise | Alliant Energy Corporation Quote

Stocks to Consider

Here are a few companies worth considering from the same industry, as these have the right combination of elements to beat on earnings in the upcoming releases.

Entergy Corporation ETR is expected to release first-quarter results on May 1. It has an Earnings ESP of +3.99% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.

PNM Resources Inc. PNM is expected to release first-quarter results on May 7. It has an Earnings ESP of +3.45% and a Zacks Rank of 2.

Pattern Energy Group Inc.PEGI is expected to release first-quarter results on May 10. It has an Earnings ESP of +115.50% and a Zacks Rank of 3.

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