Avista Earnings: Everything You Must Know Now

Avista Corp. (NYSE:AVA) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

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Avista Corp. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 9.23% to $0.71 in the quarter versus EPS of $0.65 in the year-earlier quarter.

Revenue: Rose 6.77% to $482.9 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Avista Corp. reported adjusted EPS income of $0.71 per share. By that measure, the company beat the mean analyst estimate of $0.70. It beat the average revenue estimate of $468.24 million.

Quoting Management: “Avista Corp. had a good first quarter, with better than expected earnings at the utility and solid results at Ecova,” said Avista Chairman, President and Chief Executive Officer Scott Morris.

Key Stats (on next page)…

Revenue increased 17.63% from $410.53 million in the previous quarter. EPS increased 173.08% from $0.26 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.39 to a profit $0.36. For the current year, the average estimate has moved down from a profit of $1.76 to a profit of $1.75 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)