Avista Corp. (AVA) stock surged 5.11% in the pre-market trading session on Wednesday after the company reported mixed fourth-quarter results and provided an upbeat outlook for 2025.
For the fourth quarter of 2024, Avista reported earnings of $0.84 per diluted share, missing analysts' estimates of $0.86 per share. However, the company's revenue of $532.77 million exceeded expectations of $480.62 million.
The key factor driving Avista's stock higher appears to be the company's strong 2025 earnings guidance. Avista initiated its consolidated earnings guidance for 2025 in the range of $2.52 to $2.72 per diluted share, surpassing analysts' expectations of $2.49 per share. The company expects long-term earnings growth in the 4-6% range from the forecast 2025 base year.