Otter Tail Corp expected to post earnings of $1.18 a share - Earnings Preview

Otter Tail

30/04/2022 03:04

* Otter Tail Corp  OTTR.OQ   OTTR.O  is expected to show a
rise in
quarterly revenue when it reports  results on May 2. 
    * The Fergus Falls Minnesota-based  company is expected to
report 
a 24.1% increase in revenue to $324.711 million from $261.71
million a year ago, according to the mean estimate from 3
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Otter Tail Corp is
for
earnings of $1.18 per share. For the same quarter last year, the
company reported earnings of 73 cents per share.
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had risen by
about 10.6%
in the last three months. ​
    * Wall Street's median 12-month price target for Otter Tail
Corp
is $72​, above​ its last closing price of $57.96. ​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2021  1.19        1.19       1.23      Beat    3.8
 Sep. 30 2021  1.12        1.13       1.26      Beat    11.3
 Jun. 30 2021  0.54        0.54       1.01      Beat    88.2​
 Mar. 31 2021  0.70        0.67       0.73      Beat    9.4
 ​​Dec.        0.45        0.45       0.45      Met     -1
 31 2020                                                
 Sep. 30 2020  0.66        0.65       0.87      Beat    32.9​
 Jun. 30 2020  0.30        0.32       0.42      Beat    31.1
 Mar. 31 2020  0.68        0.67       0.60      Missed  -10.5
 This summary was machine generated April 30 at 02:04 GMT.  All
figures in US dollars  unless otherwise stated