Avista Q1 2024 GAAP EPS $0.91 Misses $1.00 Estimate, Sales $594.936M Beat $469.336M Estimate
Portfolio Pulse from Benzinga Newsdesk
Avista (NYSE:AVA) reported Q1 2024 earnings of $0.91 per share, missing the consensus estimate of $1.00 by 9%. However, their quarterly sales of $594.936M exceeded estimates by 26.76%, marking a 29.29% increase from the previous year.
May 01, 2024 | 11:05 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Avista reported Q1 2024 earnings below estimates but surpassed revenue expectations with significant growth compared to last year.
While the earnings per share (EPS) miss might negatively impact investor sentiment in the short term, the substantial beat on revenue expectations and significant year-over-year sales growth could offset this negative impact. The mixed results present a neutral outlook, as the revenue growth indicates strong business performance, which might balance out concerns over the missed EPS estimate.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100