Avista Corp reports results for the quarter ended December 31 - Earnings Summary

• Avista Corp AVA.N reported quarterly adjusted earnings of 85 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of $1.10. The mean expectation of five analysts for the quarter was for earnings of 86 cents per share. Wall Street expected results to range from 84 cents to 88 cents per share.

• Revenue rose 3% to $532.77 million from a year ago; analysts expected $480.62 million.

• Avista Corp's reported EPS for the quarter was 85 cents​.

• The company reported quarterly net income of $67.16 million.

• Avista Corp shares had risen by 4.2% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 15.1% 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," 4 "hold" and 1 "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 $38.00

This summary was machine generated from LSEG data February 26 at 01:08 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)