Alliant Energy Corporation (LNT - Free Report) 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.
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 - Free Report) 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 - Free Report) 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. 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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Alliant Energy Corporation (LNT - Free Report) 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.
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 - Free Report) 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 - Free Report) 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. is expected to release first-quarter results on May 10. It has an Earnings ESP of +115.50% and a Zacks Rank of 3.
Today's Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2018, while the S&P 500 gained +15.8%, five of our screens returned +38.0%, +61.3%, +61.6%, +68.1%, and +98.3%.
This outperformance has not just been a recent phenomenon. From 2000 – 2018, while the S&P averaged +4.8% per year, our top strategies averaged up to +56.2% per year.
See their latest picks free >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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