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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.