Otter Tail Corp expected to post earnings of $1.55 a share - Earnings Preview

Otter Tail

30/07/2022 03:05

* Otter Tail Corp  OTTR.OQ   OTTR.O  is expected to show a
rise in
quarterly revenue when it reports  results on August 1. 
    * The Fergus Falls Minnesota-based  company is expected to
report 
a 18.0% increase in revenue to $336.879 million from $285.61
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 $1.55 per share. For the same quarter last year, the
company reported earnings of $1.01 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 was unchanged 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 $70.27. ​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2022  1.09        1.18       1.72      Beat    46.2
 Dec. 31 2022  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.        0.70        0.67       0.73      Beat    9.4
 31 2021                                                
 Dec. 31 2020  0.45        0.45       0.45      Met     -1​
 Sep. 30 2020  0.66        0.65       0.87      Beat    32.9
 Jun. 30 2020  0.30        0.32       0.42      Beat    31.1
 This summary was machine generated July 30 at 02:04 GMT.  All
figures in US dollars  unless otherwise stated