Ormat Technologies Inc reports results for the quarter ended in December - Earnings Summary

Ormat Technologies

23/02/2024 03:08

* Ormat Technologies Inc  ORA.N  reported quarterly adjusted
earnings of 59 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of 73 cents.  The mean expectation of
seven analysts for the quarter was for earnings of 59 cents per
share. Wall Street expected results to range from 54 cents to 74
cents per share.
    * Revenue rose 17.4% to $241.34 million from a year ago;
analysts
expected $239.71 million. 
    * Ormat Technologies Inc's reported EPS for the quarter was
59
cents​.
    * The company reported quarterly net income of $35.73
million.
    * Ormat Technologies Inc shares had fallen by 11.3% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 7.5%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the electric
utilities
peer group is  "hold."

Wall Street's median 12-month price target for Ormat
Technologies Inc is $75.00 
This summary was machine generated from LSEG data February 23 at
03:07 a.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.59           0.59           Met
 Sep. 30 2023      0.35           0.59           Beat
 Jun. 30 2023      0.34           0.40           Beat
 Mar. 31 2023      0.50           0.51           Beat