Alliant Energy Increases Sales but Misses Revenue Estimate

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Alliant Energy (NYS: LNT) reported earnings on Feb. 10. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Alliant Energy missed estimates on revenues and missed expectations on earnings per share.

Compared to the prior-year quarter, revenue improved and GAAP earnings per share improved significantly.

Gross margins increased, operating margins shrank, and net margins increased.

Revenue details
Alliant Energy booked revenue of $1.02 billion. The three analysts polled by S&P Capital IQ predicted a top line of $1.11 billion on the same basis. GAAP reported sales were 5.6% higher than the prior-year quarter's $832.6 million.

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Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Non-GAAP EPS came in at $1.12. The earnings estimates compiled by S&P Capital IQ predicted $1.32 per share on the same basis. GAAP EPS of $0.51 for Q3 were 19% higher than the prior-year quarter's $0.43 per share.

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Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 31.9%, 780 basis points better than the prior-year quarter. Operating margin was 10.6%, 140 basis points worse than the prior-year quarter. Net margin was 6.9%, 120 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $784.6 million. On the bottom line, the average EPS estimate is $0.56.

Next year's average estimate for revenue is $3.60 billion. The average EPS estimate is $2.82.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 76 members out of 88 rating the stock outperform, and 12 members rating it underperform. Among 27 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 23 give Alliant Energy a green thumbs-up, and four give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Alliant Energy is outperform, with an average price target of $44.38.

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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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