Avista Corp (AVA) Q3 2024 Earnings Report Preview: What To Look For

Author's Avatar
Nov 05, 2024

Avista Corp (AVA, Financial) is set to release its Q3 2024 earnings on Nov 6, 2024. The consensus estimate for Q3 2024 revenue is $389.29 million, and the earnings are expected to come in at $0.09 per share. The full year 2024's revenue is expected to be $1.86 billion and the earnings are expected to be $2.44 per share. More detailed estimate data can be found on the Forecast page.

Avista Corp (AVA, Financial) Estimate Trends

Over the past 90 days, revenue estimates for Avista Corp (AVA) for the full year 2024 have increased from $1.85 billion to $1.86 billion. For 2025, revenue estimates have risen from $1.92 billion to $1.93 billion. During the same period, earnings estimates have remained steady at $2.44 per share for the full year 2024 and at $2.59 per share for 2025.

Avista Corp (AVA, Financial) Reported History

In the previous quarter of 2024-06-30, Avista Corp's (AVA) actual revenue was $402.07 million, which beat analysts' revenue expectations of $386.69 million by 3.98%. Avista Corp's (AVA) actual earnings were $0.29 per share, which beat analysts' earnings expectations of $0.13 per share by 123.08%. After releasing the results, Avista Corp (AVA) was down by -0.58% in one day.

1853779994451537920.png

Avista Corp (AVA, Financial) 12 Month Price Targets

Based on the one-year price targets offered by 4 analysts, the average target price for Avista Corp (AVA) is $40 with a high estimate of $50 and a low estimate of $36. The average target implies an upside of 9.89% from the current price of $36.4.

Based on GuruFocus estimates, the estimated GF Value for Avista Corp (AVA, Financial) in one year is $43.92, suggesting an upside of 20.66% from the current price of $36.4.

Based on the consensus recommendation from 5 brokerage firms, Avista Corp's (AVA, Financial) average brokerage recommendation is currently 2.8, indicating a "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.

1853780023488704512.png

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.