Alliant Energy (LNT) to Release Fourth Quarter Results: What’s in Store? – February 16, 2022
Posted onAuthorMike V. SwansonComments Off on Alliant Energy (LNT) to Release Fourth Quarter Results: What’s in Store? – February 16, 2022
Alliant Energy Corporation (LNT – Free Report) is expected to release fourth quarter 2021 financial results on Feb. 17 after market close. Alliant Energy posted a surprise profit of 6.25% in the latest reported quarter.
Let’s see how things went before the next results announcement.
Factors to consider
Ongoing economic development and growing demand from an expanding customer base should have boosted LNT’s performance in the fourth quarter. The acquisition of the Crawfish River Project and the Onion River Project further expanded Alliant Energy’s renewable energy projects in the fourth quarter.
Alliant Energy’s earnings in the fourth quarter are expected to have benefited from the increase in rate base.
Waiting
Zacks’ consensus estimate for earnings per share (EPS) for the fourth quarter of 2021 is pegged at 35 cents, indicating a 45.8% increase from the figure published a year ago.
What the quantitative model predicts
Our proven model does not conclusively predict an earnings beat for Alliant Energy this time around. The combination of a positive Earnings ESP and a Zacks rank of #1 (Strong Buy), 2 (Buy), or 3 (Hold) increases the odds of beating Earnings. However, that is not the case here as you will see below.
Alliant Energy Corporation price and BPA surprise
Alliant Energy Corporation price-eps-surprise | Quote from Alliant Energy Corporation
ESP Earnings: Alliant Energy has a gain ESP of 0.00%. You can discover the best stocks to buy or sell before they’re flagged with our earnings ESP filter.
Zacks Rank: Currently, LNT wears a Zacks rank #3. You can see the full list of today’s Zacks #1 Rank stocks here.
Actions to consider
Investors can consider the following players in the same industry that have the right mix of elements to beat earnings in this reporting cycle.
Consolidated Edison (OF – Free Report) is likely to show a pace of earnings when it releases fourth-quarter results on Feb. 17 after the market close. Consolidated Edison has an earnings ESP of +2.26% and a Zacks rank of #3 at present. The Zacks consensus estimate for ED’s 2022 EPS jumped 4.95% year-over-year.
American Electric Power (AEP – Free Report) is likely to show a pace of earnings when it releases fourth quarter results on Feb. 24 before the market opens. American Electric Power has an ESP on earnings of +0.58% and a Zacks ranking of #2 at present. The Zacks consensus estimate for AEP’s 2022 EPS jumped 6.17% year-over-year.
TransAlta Corporation (TAC – Free Report) is likely to show a pace of earnings when it releases fourth quarter results on Feb. 24 before the market opens. TransAlta has an ESP on Earnings of +100.00% and a Zacks Rank of #3 at present. The Zacks consensus estimate for TAC’s 2022 EPS jumped 143.07% year-over-year.
Stay on top of upcoming earnings announcements with Zacks Earnings Calendar.
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