Avista Confirms 2023 Consolidated EPS Guidance Of $2.27-$2.47, Expecting To Be In The Lower End Of Ranges Due To Higher Costs Under ERM (Consensus $2.32)
Portfolio Pulse from Benzinga Newsdesk
Avista Corporation has confirmed its 2023 consolidated EPS guidance of $2.27-$2.47. However, due to higher costs under ERM, the company expects to be in the lower end of these ranges. The consensus estimate was $2.32.
August 04, 2023 | 11:02 am
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Avista's confirmation of its 2023 EPS guidance could potentially impact its stock price. The company's expectation to be in the lower end of the guidance range due to higher ERM costs may be seen negatively by investors.
Avista's EPS guidance is a key indicator of the company's profitability. The fact that the company expects to be in the lower end of the guidance range due to higher costs under ERM could be seen as a negative signal by investors, potentially leading to a decrease in the stock price in the short term.
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