Avista Corporation (NYSE:AVA) is reporting third quarter earnings results on Wednesday 4th November 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.12 per share.
For the full year, analysts predict revenues of $ 1390.92 million, while looking forward to income of $ 1.86 per share.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 1.75 ~ $ 1.95 per share
Click Here For More Historical Outlooks Of Avista Corporation
Previous Quarter Performance
Avista Corporation outlined income for the second quarter of $ 0.26 per share, from the revenue of $ 268.34 million. The quarterly earnings declined 21.21 percent while revenues contracted 10.79 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.32 per share from $ 317.72 million in revenue. The bottom line results missed street analysts by $ 0.06 or 18.75 percent, at the same time, top line results fell short of analysts by $ 49.38 million or 15.54 percent.
Stock Performance
Shares of Avista Corporation traded up $ 0.92 or 2.71 percent on Tuesday, reaching $ 34.85 with volume of 305.40 thousand shares. Avista Corporation has traded high as $ 35.04 and has cracked $ 34.28 on the downward trend
According to the previous trading day, closing price of $ 34.85, representing a 5.73 % increase from the 52 week low of $ 32.09 and a 35.98 % decrease over the 52 week high of $ 53.00.
The company has a market capital of $ 2.37 billion and is part of the Utilities sector and Utilities – Diversified industry.
Recent Analyst recommendations
- On 22nd September 2020, downgraded by Bank of America to Neutral from Buy rating, with $ 35.00 target price.
Recent Stock Dividend Announcement
On August 6, 2020, the board of directors authorized quarterly dividend of $ 0.405 per share to holders of record as of the close of business on August 20, 2020, with payment date of September 15, 2020 and ex-dividend date on August 19, 2020.
Conference Call
Avista Corporation will be hosting a conference call at 10:30 AM eastern time on 4th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.myavista.com
Avista Corporation operates as an electric and natural gas utility company. It operates through two segments, Avista Utilities and AEL&P. The Avista Utilities segment provides electric distribution and transmission, and natural gas distribution services in parts of eastern Washington and northern Idaho; and natural gas distribution services in parts of northeastern and southwestern Oregon, as well as generates electricity in Washington, Idaho, Oregon, and Montana.
