Otter Tail Corp reports results for the quarter ended in January - Earnings Summary

Otter Tail

07/05/2024 01:01

* Otter Tail Corp  OTTR.OQ  reported quarterly adjusted
earnings
of $1.77​​ per share for the quarter ended in January, higher
than the same quarter last year, when the company reported EPS
of $1.49.  The mean expectation of three analysts for the
quarter was for earnings of $1.45 per share. Wall Street
expected results to range from $1.43  to $1.49 per share.
    * Revenue rose 2.4% to $347.07 million from a year ago;
analysts
expected $353.66 million. 
    * Otter Tail Corp's reported EPS for the quarter was $1.77​.
    * The company reported quarterly net income of $74.34
million.
    * Otter Tail Corp shares had risen by 1.6% this quarter and
gained 3.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 30.3%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the electric
utilities
peer group is  "sell."

Wall Street's median 12-month price target for Otter Tail Corp
is $75.00 
This summary was machine generated from LSEG data May 7 at 12:00
a.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      1.45           1.77           Beat
 Dec. 31 2023      1.25           1.37           Beat
 Sep. 30 2023      1.62           2.19           Beat
 Jun. 30 2023      1.45           1.95           Beat