Avista Corp's Q4 Profit Falls Short of Expectations

Avista Corp. reports a decline in profits for Q4, missing analyst expectations. The company's earnings per share dropped to $0.84, compared to last year's $1.08.

Date: 26-02-2025

AI Rating: 4

Profit and EPS Performance

Avista Corp. reported a profit of $67 million, which is a decrease from $84 million in the same quarter last year. Accordingly, the earnings per share (EPS) fell to $0.84, a significant drop from the previous year's EPS of $1.08.

Additionally, the reported EPS did not meet analysts' expectations, who had forecasted earnings of $0.87 per share. This shortfall in earnings is likely to have a negative impact on investor sentiment, as missing expectations can signal potential issues within the company or market.

Revenue Growth

On a somewhat positive note, Avista Corp. did report a revenue increase of 2.6%, rising from $504 million last year to $517 million this period. Although the revenue growth indicates that sales are up, the decline in profits and missed earnings expectations overshadow this positive aspect.

Overall, while there is a slight increase in revenue, the drop in net income and EPS being below projections is likely to weigh heavily on stock performance.

Stocks: AVA