Avista Third Quarter 2024 Earnings: Beats Expectations

Avista (NYSE:AVA) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$393.7m (up 3.7% from 3Q 2023).
• Net income: US$18.5m (up 26% from 3Q 2023).
• Profit margin: 4.7% (up from 3.9% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: US$0.23 (up from US$0.19 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Avista Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 86%.

Looking ahead, revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Integrated Utilities industry in the US.

Performance of the American Integrated Utilities industry.

The company's shares are down 2.5% from a week ago.

Risk Analysis

Be aware that Avista is showing 2 warning signs in our investment analysis and 1 of those is a bit concerning...

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