Otter Tail Corp expected to post earnings of $1.98 a share - Earnings Preview

Otter Tail

02/11/2024 02:17

* Otter Tail Corp  OTTR.OQ   OTTR.O  is expected to show a
rise in
quarterly revenue when it reports  results on November 4 for the
period ending September 30 2024
    * The Fergus Falls Minnesota-based  company is expected to
report
a 5.3% increase in revenue to $377.155 million from $358.06
million a year ago, according to the mean estimate from 2
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Otter Tail Corp is for
earnings of $1.98 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 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 80.00​, above​ its last closing price of $78.09. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  1.69        1.69       2.07      Beat    22.2
 Mar. 31 2024  1.45        1.45       1.77      Beat    21.8
 Dec. 31 2023  1.25        1.25       1.37      Beat    9.8​
 Sep. 30 2023  1.62        1.62       2.19      Beat    35
 ​​Jun.        1.43        1.45       1.95      Beat    34.7
 30 2023                                                
 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
 This summary was machine generated November 2 at 02:17 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)