Ormat Technologies Inc expected to post earnings of 63 cents a share - Earnings Preview
07/05/2024 03:30
* Ormat Technologies Inc ORA.N ORA is expected to show a
rise
in quarterly revenue when it reports results on May 8 for the
period ending March 31 2024
* The Reno Nevada-based company is expected to report a
18.1% increase in revenue to $218.775 million from $185.23
million a year ago, according to the mean estimate from 5
analysts, based on LSEG data.
* LSEG's mean analyst estimate for Ormat Technologies Inc
is for
earnings of 63 cents per share.
* The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell."
* The mean earnings estimate of analysts had fallen by
about 3.3%
in the last three months.
* Wall Street's median 12-month price target for Ormat
Technologies Inc is $75.50, above its last closing price
of $67.64.
Previous quarterly performance (using preferred earnings measure
in US dollars).
QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI
ENDING ARTESTIMAT ESTIMATE MET, SE %
E® MISSED
Dec. 31 2023 0.60 0.59 0.59 Met -0.7
Sep. 30 2023 0.36 0.35 0.59 Beat 68.3
Jun. 30 2023 0.34 0.34 0.40 Beat 19
Mar. 31 2023 0.48 0.50 0.51 Beat 3
Dec. 0.49 0.48 0.73 Beat 52.1
31 2022
Sep. 30 2022 0.26 0.26 0.33 Beat 28.9
Jun. 30 2022 0.20 0.20 0.22 Beat 10.2
Mar. 31 2022 0.33 0.33 0.35 Beat 6.4
This summary was machine generated May 7 at 02:30 GMT. All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)