Otter Tail Corp expected to post earnings of $1.45 a share - Earnings Preview

Otter Tail

04/05/2024 03:00

* Otter Tail Corp  OTTR.OQ   OTTR.O  is expected to show a
rise in
quarterly revenue when it reports  results on May 6 for the
period ending March 31 2024
    * The Fergus Falls Minnesota-based  company is expected to
report
a 4.3% increase in revenue to $353.663 million from $339.08
million a year ago, according to the mean estimate from 3
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Otter Tail Corp is for
earnings of $1.45 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 3
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Otter Tail
Corp
is $71.50​, below​ its last closing price of $87.82. ​​​

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  1.25        1.25       1.37      Beat    9.8
 Sep. 30 2023  1.62        1.62       2.19      Beat    35
 Jun. 30 2023  1.43        1.45       1.95      Beat    34.7​
 Mar. 31 2023  1.00        1.01       1.49      Beat    46.9
 ​​Dec.        0.85        0.84       1.00      Beat    18.8
 31 2022                                                
 Sep. 30 2022  1.84        1.82       2.01      Beat    10.2​
 Jun. 30 2022  1.57        1.55       2.05      Beat    32.5
 Mar. 31 2022  1.09        1.18       1.72      Beat    46.2
 This summary was machine generated May 4 at 02:00 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)