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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
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