For its first fiscal quarter (ending March 31), Avista Corp (NYSE: AVA) has reported a 25% increase in E.P.S. from $0.73 a year ago to $0.91 in the current quarter. However, this performance was $-0.20 short of the consensus estimate of $1.11. E.P.S. were $2.41 for the latest four quarters through March 31 versus $1.87 for the same period a year ago — an increase of 29%.
Recent Price Action
Avista Corp (NYSE: AVA) stock increased 1.8% on 5/1/24. The shares closed at $36.64. Moreover, unusually high trading volume at 163% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has risen 3.0% during the last week.
Current PriceTarget Research Rating
AVA is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Avista has a current Value Trend Rating of C (High Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Avista has a slightly positive Appreciation Score of 68 and a neutral Power Rating of 48, with the High Neutral Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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