Alliant Energy Q1 2024 GAAP EPS $0.62 Misses $0.69 Estimate
Portfolio Pulse from Benzinga Newsdesk
Alliant Energy reported its Q1 2024 earnings with a GAAP EPS of $0.62, missing the consensus estimate of $0.69 by 10.14%.
May 02, 2024 | 10:04 pm
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NEGATIVE IMPACT
Alliant Energy's Q1 2024 GAAP EPS of $0.62 missed the consensus estimate of $0.69 by 10.14%, indicating a potential negative impact on investor sentiment.
Missing earnings estimates can lead to negative investor sentiment and potentially decrease stock price in the short term. The 10.14% miss is significant, indicating that Alliant Energy underperformed against market expectations, which could lead to a decrease in investor confidence and a potential short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100