Avista Corp Expects FY23 EPS of $2.27-$2.37 (Prior $2.27-$2.47) Vs. $2.29 Est
Portfolio Pulse from Benzinga Newsdesk
Avista Corp has revised its FY23 EPS guidance to $2.27-$2.37 from the previous $2.27-$2.47. The company's capital expenditures for the nine months ended Sept. 30, 2023, were $347 million, and it plans to spend $475 million for the year. Avista expects to increase its capital expenditures to $500 million in 2024, $525 million in 2025, and $550 million in 2026. It also plans to invest $15 million in 2023 in non-regulated investment opportunities and economic development projects.
November 01, 2023 | 10:36 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Avista Corp has revised its FY23 EPS guidance, which could impact investor sentiment. The company's planned increase in capital expenditures could indicate growth and expansion, potentially attracting investors.
The revision in Avista's EPS guidance could lead to mixed reactions from investors. While some may view it as a negative sign, others may see it as a prudent move given the current economic conditions. The planned increase in capital expenditures could be seen as a sign of growth and expansion, which could attract investors. However, the impact on the stock price is uncertain in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100