Avista Earnings Preview
Portfolio Pulse from Benzinga Insights
Avista (NYSE:AVA) is scheduled to release its quarterly earnings report on February 21, 2024, with analysts expecting an EPS of $1.14. The company's past performance shows a mix of earnings beats and misses, with the stock price reacting accordingly. Shares have significantly appreciated over the last year, trading at $33.57 as of February 19, marking a 326.39% increase over the 52-week period. Investors are keenly awaiting not just the earnings results but also the company's future guidance.
February 20, 2024 | 6:02 pm
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POSITIVE IMPACT
Avista is expected to report an EPS of $1.14 for the upcoming quarter. The company's stock has seen a significant increase over the past year, with a 326.39% rise. Investors are particularly interested in the company's future guidance, which could influence the stock's short-term performance.
Given Avista's past performance of beating EPS estimates and the significant stock price increase over the last year, a positive earnings report and optimistic future guidance could further boost investor confidence and drive the stock price up in the short term. However, the confidence score is not at the maximum due to the unpredictable nature of market reactions to earnings reports and guidance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100