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

Otter Tail

03/05/2022 01:06

* Otter Tail Corp  OTTR.OQ  reported quarterly adjusted
earnings
of $1.72​​ per share for the quarter ended in March. The mean
expectation of four analysts for the quarter was for earnings of
$1.18 per share.
    * Revenue rose 43.3% to $374.90 million from a year ago; 
analysts
expected $324.71 million. 
    * Otter Tail Corp's reported EPS for the quarter was $1.72​.
    * The mean earnings estimate of analysts had risen by
about 30.8%
in the last three months.​ 
    * In the last 30 days there have been no negative revisions
of
earnings estimates 
    * Otter Tail Corp shares had fallen by 7.3% this quarter and
lost 18.8% so far this year.
    * The company reported quarterly net income of $72 million.
    * Wall Street's median 12-month price target for Otter Tail
Corp
is $72.00 
    * 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." 

This summary was machine generated May 3 at 12:06 a.m.  ​All
figures in US dollars unless otherwise stated