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

Avista

01/11/2023 14:15

* Avista Corp  AVA.N  reported quarterly adjusted earnings
of 19
cents​​ per share for the quarter ended in September, higher
than the same quarter last year, when the company reported EPS
of -8 cents.  The mean expectation of five analysts for the
quarter was for earnings of 14 cents per share. Wall Street
expected results to range from 11 cents to 18 cents per share.
    * Revenue rose 5.6% to $379.63 million from a year ago;
analysts
expected $354.31 million. 
    * Avista Corp shares had fallen by 2.1% this quarter and
lost 28.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 45.5%
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," 2
"hold" and 3 "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
$37.00 
This summary was machine generated from LSEG data November 1 at
02:15 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2022      0.78           1.05           Beat