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

Otter Tail

01/08/2023 24:31

* Otter Tail Corp  OTTR.OQ  reported quarterly adjusted
earnings
of $1.95​​ per share for the quarter ended in June. The mean
expectation of four analysts for the quarter was for earnings of
$1.45 per share.
    * Revenue fell 15.6% to $337.72 million from a year ago;
analysts
expected $325.25 million. 
    * Otter Tail Corp's reported EPS for the quarter was $1.95​.
    * The mean earnings estimate of analysts had risen by
about 29.9%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Otter Tail Corp shares had risen by 2.4% this quarter and
gained 37.8% so far this year.
    * The company reported quarterly net income of $81.97
million.
    * Wall Street's median 12-month price target for Otter Tail
Corp
is $67.50 
    * 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." 

This summary was machine generated from LSEG Refinitiv data July
31 at 11:31 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      1.45           1.95           Beat
 Mar. 31 2023      1.01           1.49           Beat
 Dec. 31 2022      0.84           1.00           Beat
 Sep. 30 2022      1.82           2.01           Beat