The chart below shows how LNT performed 10 days before and after its earnings report, based on data from the past quarters. Typically, LNT sees a -0.91% change in stock price 10 days leading up to the earnings, and a -0.18% change 10 days following the report. On the earnings day itself, the stock moves by +0.30%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Earnings Per Share Growth: Earnings per share increased to $1.15 in Q3 2024, compared to $1.05 in Q3 2023, reflecting a solid year-over-year growth.
Earnings Change Analysis: Quarterly ongoing earnings change year-over-year was primarily due to higher revenue requirements from capital investments at our Wisconsin utility.
Earnings Guidance Update: The company has narrowed its 2024 ongoing earnings guidance range to $3.06 per share, indicating confidence in financial performance.
Earnings Growth Expectations: The 2025 earnings guidance midpoint represents a 6% increase over the previously forecasted 2024 ongoing earnings, showcasing growth expectations.
Renewable Energy Investments: Over 40% of the 2025 to 2028 capital expenditure plan includes investments in wind, solar, and energy storage, highlighting a commitment to renewable energy.
Negative
Earnings Per Share Decline: Earnings per share decreased to $1.15 compared to $1.05 in Q3 2023, indicating a decline in profitability year-over-year.
Earnings Guidance Adjustment: The company narrowed its 2024 earnings guidance range, reflecting uncertainty in future performance.
Temperature Impact on Earnings: Net temperature impacts on electric and gas margins decreased earnings by approximately $0.10 per share in 2024.
Expense Impact on Revenue: The company faced higher depreciation and finance expenses, which partially offset positive revenue drivers.
Temperature Impact on Earnings: Net temperature impacts have decreased earnings by approximately $0.10 per share, indicating a significant negative effect on financial results.
Alliant Energy Corporation (LNT) Q3 2024 Earnings Conference Call Transcript
LNT.O
1.93%