Alliant Energy stock gets a higher FY2028 EPS forecast

Published on 10/06/2026 at 16:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Alliant Energy stock was trading at USD 64.87 on October 6, 2026, while Zacks lifted its FY2028 EPS forecast to USD 4.06. Q2 revenue reached USD 971.0 million.

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Alliant Energy stock (ISIN US0188021085) was trading at USD 64.87 on Nasdaq on October 6, 2026, up USD 0.58 or 0.90 percent from the prior close. The immediate company story is a higher FY2028 earnings forecast: MarketBeat reported on October 6, 2026, that Zacks Research raised its estimate to USD 4.06 per share from USD 4.02.

Zacks raises the FY2028 estimate

The change is small in absolute terms but important for a regulated utility, where earnings visibility and rate-base growth shape valuation. Zacks now stands above Alliant Energy's current full-year consensus estimate of USD 3.43 per share, according to MarketBeat.

The latest reported quarter also showed a mixed but quantifiable picture. Alliant Energy generated USD 971.0 million of revenue and USD 0.65 in EPS in Q2 2026, compared with USD 0.68 EPS in Q2 2025; revenue increased 1.0 percent year over year, based on MarketBeat. The same report said quarterly EPS exceeded the USD 0.58 consensus estimate by USD 0.07.

Guidance holds at USD 3.36 to USD 3.46

Alliant Energy reaffirmed its FY2026 EPS guidance at USD 3.36-3.46 after the second-quarter report. That range places the USD 3.43 consensus estimate near its midpoint, leaving the FY2028 forecast revision as the more distinct estimate change in the October 6 news flow.

For investors, the contrast is clear: quarterly revenue grew 1.0 percent, while EPS declined from USD 0.68 to USD 0.65 year over year. The company therefore needs the earnings outlook and capital investment story to carry more weight than near-term revenue growth alone.

Consensus target remains above the stock

MarketBeat lists a Moderate Buy consensus from 14 analysts, with nine Buy ratings and five Hold ratings. Its average price target is USD 77.00, which lies 18.7 percent above the USD 64.87 reference price. Jefferies separately reiterated a Buy rating with an USD 80.00 target on August 27, 2026, while Mizuho cut its target from USD 76.00 to USD 75.00 and kept a Neutral rating on August 3, 2026, according to MarketBeat.

Stock stays below the yearly high

At USD 64.87, the Nasdaq-listed shares were USD 13.94 below the 52-week high of USD 78.81 and USD 2.33 above the 52-week low of USD 62.54 on October 6, 2026. Market capitalization stood at USD 16.8 billion, while trading volume reached 446,091 shares.

Alliant Energy stock was trading at USD 64.87 on Nasdaq at 10:48 a.m. ET on October 6, 2026. The 0.90 percent session gain keeps the market response measured as investors weigh the higher long-term EPS forecast against the lower year-over-year quarterly EPS.