Ormat Technologies Inc reports results for the quarter ended June 30 - Earnings Summary
Ormat Technologies Inc reports results for the quarter ended June 30 - Earnings Summary
Ormat Technologies Inc ORA.N reported quarterly adjusted earnings of 50 cents per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 48 cents. The mean expectation of eleven analysts for the quarter was for earnings of 26 cents per share. Wall Street expected results to range from 12 cents to 46 cents per share.
Revenue rose 10.6% to $258.76 million from a year ago; analysts expected $240.34 million.
Ormat Technologies Inc's reported EPS for the quarter was 43 cents.
The company reported quarterly net income of $27.09 million.
Ormat Technologies Inc shares had fallen by 8.1% this quarter and lost 9.4% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 33.3% in the last three months.
In the last 30 days, there have been no negative revisions of earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy," 4 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the electric utilities peer group is also "buy"
Wall Street's median 12-month price target for Ormat Technologies Inc is $135.00, about 27.4% above its last closing price of $98.02
This summary was machine generated from LSEG data August 5 at 10:42 p.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 |
Jun. 30 2026 | 0.26 | 0.50 | Beat |
Mar. 31 2026 | 0.92 | 1.30 | Beat |
Dec. 31 2025 | 0.63 | 0.67 | Beat |
Sep. 30 2025 | 0.37 | 0.41 | Beat |