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Avista Corp (AVA)
NYSE:AVA
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.88Last Year’s EPS
$1.08Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: -1.60%
|Next Earnings Date:Feb 19, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a balanced view with significant achievements in clean energy and wildfire management, but also highlighted challenges in power supply costs and financial market conditions affecting guidance.Company Guidance
During Avista Corporation's Q3 2024 earnings call, the guidance provided highlighted several key metrics and strategic initiatives. The company reported consolidated earnings of $0.23 per diluted share for the third quarter, up from $0.19 in the same quarter of 2023, with year-to-date earnings reaching $1.44 compared to $1.14 last year. Avista plans to invest about $1.7 billion in capital over the next three years, with $525 million allocated for 2025, $575 million for 2026, and $600 million for 2027, aiming to support customer growth and infrastructure reliability. The company also revised its 2024 earnings guidance down by $0.10 to a range of $2.26 to $2.46 per diluted share, largely due to higher-than-expected power supply costs and other operational expenses. Additionally, Avista continues to focus on its clean energy goals, with projects such as the Clearwater Wind project and the North Plains Connector transmission line, which are integral to meeting future energy needs and maintaining its status as a low CO2 emitter among U.S. utilities.Earnings Improvement
Consolidated earnings for Q3 2024 were $0.23 per diluted share, up from $0.19 in Q3 2023. Year-to-date earnings were $1.44 per diluted share compared to $1.14 last year.
Clean Energy Progress
Avista achieved significant progress toward its clean energy goals with 325 MW of new PPAs, and more than 70% of peak generating capability will be from renewable sources by 2026.
Wildfire Management Success
Successfully deployed AI-enabled fire detection cameras and implemented Public Safety Power Shutoffs (PSPS) during the wildfire season.
Clearwater Wind Project
The Clearwater Wind project came online early, contributing to Avista's status as one of the lowest CO2 emitters among U.S. energy producers.
Capital Investment Plan
Expecting to spend $1.7 billion in capital over the next three years, with $525 million in 2025, $575 million in 2026, and $600 million in 2027.
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AVA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AVA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $36.78 | $36.97 | +0.52% |
| Aug 07, 2024 | $37.25 | $37.34 | +0.24% |
| May 01, 2024 | $34.68 | $35.31 | +1.82% |
| Feb 21, 2024 | $32.26 | $32.63 | +1.15% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Avista Corp (AVA) report earnings?
Avista Corp (AVA) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is Avista Corp (AVA) earnings time?
Avista Corp (AVA) earnings time is at Feb 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AVA EPS forecast?
AVA EPS forecast for the fiscal quarter 2024 (Q4) is $0.88.
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