Avista Earnings Preview: Can This Streak Finally End?

Avista (NYSE:AVA) will report earnings before markets open on Wednesday, May 1st. Avista Corporation is an energy company that delivers products and solutions to business and residential customers throughout North America. The Company, through Avista Utilities, generates, transmits, and distributes electric and natural gas. Avista’s other businesses include Avista Advantage and Avista Energy.

Here is your Cheat Sheet to Avista Earnings:

Earnings Expectations: Analysts expect earnings of $0.71 per share on revenues of $468.24 million. Currently, the company’s P/E ratio stands at 20.94.

Analyst Trends:

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 is a profit of $1.75, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Avista has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 1,677 1,513 1,559 1,620 1,547
Diluted EPS ($) 1.36 1.58 1.65 1.72 1.32

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 438.93 452.26 343.58 340.63 410.53
Diluted EPS ($) 0.4201 0.65 0.31 0.10 0.2653

Past Performance:
Avista has missed analyst estimates 4 times in the past four quarters. Shareholders could expect a bust if the company misses estimates.

“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!

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