AVA Earnings Prediction
The chart below shows how AVA performed 10 days before and after its earnings report, based on data from the past quarters. Typically, AVA sees a -0.42% change in stock price 10 days leading up to the earnings, and a +0.81% change 10 days following the report. On the earnings day itself, the stock moves by +0.92%. This data can give you a slight idea of what to expect for the next quarter's release.
AVA Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
393.74M
3.72%
-2.07%
Gross Margin
46.69%
7.75%
-1.14%
Operating Margin
12.39%
23.53%
-8.15%
Net Margin
4.70%
21.13%
-17.40%
EPS
0.23
21.05%
-20.69%
No Data Available
AVA Earnings Analysis
Avista Corporation Corporation (AVA.N) Earnings Conference Call
Positive
Earnings Per Share Growth: Consolidated earnings for Q3 2024 were $0.23 per diluted share, compared to $0.19 for Q3 2023, reflecting a year-over-year increase.
Earnings Per Share Growth: Year-to-date consolidated earnings were $1.44 per diluted share, compared to $1.14 last year, indicating significant growth.
Investment in Service Enhancement: The company has invested more than $2 billion in its systems over the last five years, enhancing service capabilities for customers.
Grant Funding Success: Avista has been awarded over $90 million in state and federal grants in the last five years, supporting various projects.
Infrastructure Investment Strategy: Capital expenditures at Avista Utilities were $389 million in the first three quarters of 2024, with planned expenditures of about $515 million for the year, demonstrating strong investment in infrastructure.
Negative
Earnings Per Share Increase: Our consolidated earnings for the third quarter of 2024 were $0.23 per diluted share, compared to $0.19 for the third quarter of 2023.
Earnings Per Share Increase: Year-to-date, consolidated earnings were $1.44 per diluted share, compared to $1.14 last year.
Energy Recovery Mechanism Expense: In the third quarter, we recognized a pre-tax expense of $3.2 million under the Energy Recovery Mechanism, or ERM.
Power Supply Expense Increase: Power supply costs came in a little higher than we expected, and year-to-date, we recognized a $7.8 million pre-tax expense under the ERM.
Earnings Guidance Adjustment: We expect a net loss in the range of $0.04 to $0.06 per diluted share in 2024, and because of that expectation, we are lowering our consolidated earnings guidance for 2024 by $0.10 to a range of $2.26 to $2.46 per diluted share.
AVA FAQs
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AVA Earning Call Sentiment
Avista Corporation (AVA) Q3 2024 Earnings Conference Call Transcript
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00:00
00:00
AVA.N
0.65%Positive
The earnings call summary reveals several concerns: lowered earnings guidance, increased expenses under the Energy Recovery Mechanism, and market valuation risks. The Q&A section highlights uncertainties in project timelines and financial commitments. Additionally, the issuance of new common stock and reduced earnings guidance suggest potential dilution and financial strain. Although there are some positive financial metrics, the negative aspects outweigh them, especially with the market cap under $3 billion, indicating a likely negative stock price reaction.
