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Alliant Energy (LNT) Q2 Earnings: What Awaits the Stock?
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Alliant Energy Corporation (LNT - Free Report) is set to report second-quarter 2016 results after the market closes on Aug 1. Alliant Energy posted on par earnings last quarter. Let’s see how things are shaping up for this announcement.
Factors at Play
Alliant Energy’s earnings are expected to be positively impacted by warmer-than-normal temperatures prevailing in major parts of the U.S. during the second quarter.
Successful execution of most of its construction projects on time and below budget enables the company to serve its customers efficiently. Ongoing development activities and the resultant increase in earnings will help Alliant Energy to achieve its earnings growth rate target of 5–7% in 2016.
However, its Franklin County generating unit is expected to be a drag on earnings.
Our proven model does not conclusively show that Alliant Energy is likely to beat earnings this quarter. That is because 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 consensus estimates. But that is not the case here, as you will see below.
Zacks ESP: The Earnings ESP, which represents the difference between the Most Accurate estimate of 34 cents and the Zacks Consensus Estimate of 37 cents, is - 8.11%.
Zacks Rank: Though Alliant Energy’s Zacks Rank #2 increases the predictive power of the ESP, its negative ESP makes a beat unlikely this season.
Note that we caution against stocks with Zacks Ranks #4 or #5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Stocks to Consider
Here are some stocks in the utility-electric power space that you may want to consider, as our model shows that they have the right combination of elements to post an earnings beat this season:
Avista Corp. (AVA - Free Report) has an Earnings ESP of +2.33% and a Zacks Rank #2. The company is expected to release second-quarter results on Aug 3, before the market opens.
CMS Energy Corporation (CMS - Free Report) has an Earnings ESP of +11.43% and a Zacks Rank #2. The company is expected to release second-quarter results on Jul 28, before the market opens.
Pattern Energy Group, Inc. has an Earnings ESP of +100.00% and a Zacks Rank #2. The company is expected to release second-quarter results on Aug 5, before the market opens.
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Alliant Energy (LNT) Q2 Earnings: What Awaits the Stock?
Alliant Energy Corporation (LNT - Free Report) is set to report second-quarter 2016 results after the market closes on Aug 1. Alliant Energy posted on par earnings last quarter. Let’s see how things are shaping up for this announcement.
Factors at Play
Alliant Energy’s earnings are expected to be positively impacted by warmer-than-normal temperatures prevailing in major parts of the U.S. during the second quarter.
Successful execution of most of its construction projects on time and below budget enables the company to serve its customers efficiently. Ongoing development activities and the resultant increase in earnings will help Alliant Energy to achieve its earnings growth rate target of 5–7% in 2016.
However, its Franklin County generating unit is expected to be a drag on earnings.
ALLIANT ENGY CP Price and EPS Surprise
ALLIANT ENGY CP Price and EPS Surprise | ALLIANT ENGY CP Quote
Earnings Whispers
Our proven model does not conclusively show that Alliant Energy is likely to beat earnings this quarter. That is because 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 consensus estimates. But that is not the case here, as you will see below.
Zacks ESP: The Earnings ESP, which represents the difference between the Most Accurate estimate of 34 cents and the Zacks Consensus Estimate of 37 cents, is - 8.11%.
Zacks Rank: Though Alliant Energy’s Zacks Rank #2 increases the predictive power of the ESP, its negative ESP makes a beat unlikely this season.
Note that we caution against stocks with Zacks Ranks #4 or #5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Stocks to Consider
Here are some stocks in the utility-electric power space that you may want to consider, as our model shows that they have the right combination of elements to post an earnings beat this season:
Avista Corp. (AVA - Free Report) has an Earnings ESP of +2.33% and a Zacks Rank #2. The company is expected to release second-quarter results on Aug 3, before the market opens.
CMS Energy Corporation (CMS - Free Report) has an Earnings ESP of +11.43% and a Zacks Rank #2. The company is expected to release second-quarter results on Jul 28, before the market opens.
Pattern Energy Group, Inc. has an Earnings ESP of +100.00% and a Zacks Rank #2. The company is expected to release second-quarter results on Aug 5, before the market opens.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>