Recap: Avista Q2 Earnings

Avista AVA reported its Q2 earnings results on Wednesday, August 3, 2022 at 07:05 AM.

Here's what investors need to know about the announcement.

Avista missed estimated earnings by 5.88%, reporting an EPS of $0.16 versus an estimate of $0.17.

Revenue was up $80.95 million from the same period last year.

Last quarter the company beat on EPS by $0.06 which was followed by a 2.08% drop in the share price the next day.

Here's a look at Avista's past performance:

Quarter	Q1 2022	Q4 2021	Q3 2021	Q2 2021
EPS Estimate	0.93	0.67	0.07	0.26
EPS Actual	0.99	0.71	0.20	0.20
Revenue Estimate	427.01M	431.18M	290.92M	300.06M
Revenue Actual	448.87M	418.83M	286.75M	287.56M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Avista management provided guidance for FY 2022, expecting earnings between $1.93 and $2.13 per share.

To track all earnings releases for Avista visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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