Alliant Energy's (NASDAQ:LNT) Sluggish Earnings Might Be Just The Beginning Of Its Problems [Yahoo! Finance]
Alliant Energy Corporation (LNT)
Last alliant energy corporation earnings: 8/1 06:00 pm
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alliantenergy.gcs-web.com
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Source: Yahoo! Finance
Our analysis suggests that along with soft profit numbers, investors should be aware of some other underlying weaknesses in the numbers. View our latest analysis for Alliant Energy Alliant Energy reported a tax benefit of US$103m, which is well worth noting. This is meaningful because companies usually pay tax rather than receive tax benefits. Of course, prima facie it's great to receive a tax benefit. However, our data indicates that tax benefits can temporarily boost statutory profit in the year it is booked, but subsequently profit may fall back. Assuming the tax benefit is not repeated every year, we could see its profitability drop noticeably, all else being equal. While we think it's good that the company has booked a tax benefit, it does mean that there's every chance the statutory profit will come in a lot higher than it would be if the income was adjusted for one-off factors. That might leave you wondering what analysts are forecasting in terms of future profitability.
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LNT
News
- Why Alliant Energy, Virtus Investment Partners And Evergy Are Winners For Passive Income [Yahoo! Finance]Yahoo! Finance
- Alliant Energy Co. (NASDAQ: LNT) had its price target lowered by analysts at Barclays PLC from $61.00 to $59.00. They now have an "equal weight" rating on the stock.MarketBeat
- Alliant Energy Co. (NASDAQ: LNT) had its price target lowered by analysts at BMO Capital Markets from $65.00 to $61.00. They now have a "market perform" rating on the stock.MarketBeat
- Alliant Energy Co. (NASDAQ: LNT) had its price target lowered by analysts at Wells Fargo & Company from $66.00 to $65.00. They now have an "overweight" rating on the stock.MarketBeat
- Alliant Energy Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag [Yahoo! Finance]Yahoo! Finance
LNT
Earnings
- 10/31/24 - Beat
LNT
Sec Filings
- 11/20/24 - Form 4
- 11/1/24 - Form 8-K
- 10/16/24 - Form SC
- LNT's page on the SEC website