Press "Enter" to skip to content

Recap: Avista Q2 Earnings

 

Avista AVA reported its Q2 earnings results on Wednesday, August 3, 2022 at 07:05 AM.

Here’s what investors need to know about the announcement.

Earnings

Avista missed estimated earnings by 5.88%, reporting an EPS of $0.16 versus an estimate of $0.17.

Revenue was up $80.95 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.06 which was followed by a 2.08% drop in the share price the next day.

Here’s a look at Avista’s past performance:

 

Quarter Q1 2022 Q4 2021 Q3 2021 Q2 2021
EPS Estimate 0.93 0.67 0.07 0.26
EPS Actual 0.99 0.71 0.20 0.20
Revenue Estimate 427.01M 431.18M 290.92M 300.06M
Revenue Actual 448.87M 418.83M 286.75M 287.56M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

Avista management provided guidance for FY 2022, expecting earnings between $1.93 and $2.13 per share.

To track all earnings releases for Avista visit their earnings calendar here.

This article was generated by Benzinga’s automated content engine and reviewed by an editor.

This post was originally published on this site

Be First to Comment

Leave a Reply

Your email address will not be published.