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

Avista

01/05/2024 13:06

* Avista Corp  AVA.N  reported quarterly adjusted earnings
of 91
cents​​ per share for the quarter ended in January, higher than
the same quarter last year, when the company reported EPS of 73
cents.  The mean expectation of three analysts for the quarter
was for earnings of $1.00 per share. Wall Street expected
results to range from $1.00  to $1.01 per share.
    * Revenue rose 28.4% to $609.42 million from a year ago;
analysts
expected $469.34 million. 
    * Avista Corp's reported EPS for the quarter was 91 cents​.
    * The company reported quarterly net income of $71.5
million.
    * Avista Corp shares had risen by 2.7% this quarter and
gained 0.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 8.4%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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 1 "sell" or "strong sell." 
    * The average consensus recommendation for the multiline
utilities
peer group is also "hold"

Wall Street's median 12-month price target for Avista Corp is
$35.50 
This summary was machine generated from LSEG data May 1 at 12:06
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
 Mar. 31 2024      1.00           0.91           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