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

Avista

07/08/2024 13:27

* Avista Corp  AVA.N  reported quarterly adjusted earnings
of 29
cents​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of 23
cents.  The mean expectation of three analysts for the quarter
was for earnings of 23 cents per share. Wall Street expected
results to range from 23 cents to 23 cents per share.
    * Revenue rose 5.8% to $402.07 million from a year ago;
analysts
expected $386.69 million. 
    * Avista Corp's reported EPS for the quarter was 29 cents​.
    * The company reported quarterly net income of $22.86
million.
    * Avista Corp shares had risen by 10.3% this quarter and
gained 6.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 104.5%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 4
"hold" and no "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
$36.50 
This summary was machine generated from LSEG data August 7 at
12:27 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
 Jun. 30 2024      0.23           0.29           Beat
 Mar. 31 2024      1.00           0.91           Missed
 Dec. 31 2023      1.14           1.10           Missed
 Sep. 30 2023      0.14           0.19           Beat