Otter Tail Corp expected to post earnings of $1.62 a share - Earnings Preview

Otter Tail

28/10/2023 03:14

* Otter Tail Corp  OTTR.OQ   OTTR.O  is expected to show a
fall in
quarterly revenue when it reports  results 
    * The Fergus Falls Minnesota-based  company is expected to
report 
a 12.5% decrease in revenue to $335.73 million from $383.86
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 $1.62 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 $68.5​, below​ its last closing price of $70.38. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 31 2022  0.85        0.84       1.00      Beat    18.8​
 Sep. 30 2022  1.84        1.82       2.01      Beat    10.2
 ​​Jun.        1.57        1.55       2.05      Beat    32.5
 30 2022                                                
 Mar. 31 2022  1.09        1.18       1.72      Beat    46.2​
 Dec. 31 2021  1.19        1.19       1.23      Beat    3.8
 Sep. 30 2021  1.12        1.13       1.26      Beat    11.3
 This summary was machine generated October 28 at 02:14 GMT.  All
figures in US dollars  unless otherwise stated