To get ready for earnings season, focus on stocks in or near a potential buy range ahead of their next report. One such company is Alliant Energy. It's expected to release its latest numbers around Apr. 28.
The stock is about 5% above a 62.02 buy point from a first-stage flat base.
Keep in mind that buying just before a stock reports can be risky. You don't know how the stock will report and how the market will react, and you don't have enough time to build a profit cushion. You can reduce your exposure by waiting to see the actual numbers and the market's reaction. Another way to minimize the risk of a post-earnings sell-off is to use an options strategy.
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Earnings Analysis
Taking a look at top and bottom line numbers, Alliant Energy Stock has posted rising EPS growth in each of the last four reports. Sales gains have also moved higher during the same period.
Analysts are looking for EPS growth of 5% for the quarter, and 5% growth for the full year.
The company has a 93 Composite Rating and earns the No. 4 rank among its peers in the Utility-Diversified industry group. Ameren is the No. 1-ranked stock within the group.
Note: Dates for earnings reports are subject to change. Check the company's website for any updates.
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