Avista Corp reports results for the quarter ended in December - Earnings Summary

Avista

21/02/2024 15:00

* Avista Corp  AVA.N  reported quarterly adjusted earnings
of
$1.10​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of
$1.05.  The mean expectation of five analysts for the quarter
was for earnings of $1.14 per share. Wall Street expected
results to range from $1.13  to $1.14 per share.
    * Revenue rose 1.4% to $517.36 million from a year ago;
analysts
expected $545.78 million. 
    * Avista Corp's reported EPS for the quarter was $1.10​.
    * The company reported quarterly net income of $84.14
million.
    * Avista Corp shares had fallen by 5.0% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.7%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 3
"hold" and 2 "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Avista Corp
is
$34.00 

This summary was machine generated from LSEG data February 21 at
02:59 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      1.14           1.10           Missed
 Sep. 30 2023      0.14           0.19           Beat
 Jun. 30 2023      0.17           0.23           Beat
 Mar. 31 2023      1.16           0.73           Missed