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

Otter Tail

31/10/2023 24:00

* Otter Tail Corp  OTTR.OQ  reported quarterly adjusted
earnings
of $2.19​​ per share for the quarter ended in September. The
mean expectation of four analysts for the quarter was
for earnings of $1.62 per share.
    * Revenue fell 6.7% to $358.06 million from a year ago;
analysts
expected $335.73 million. 
    * Otter Tail Corp's reported EPS for the quarter was $2.19​.
    * The mean earnings estimate of analysts had risen by
about 49.5%
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
gained 19.9% so far this year.
    * The company reported quarterly net income of $91.97
million.
    * Wall Street's median 12-month price target for Otter Tail
Corp
is $68.50 
    * 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
October 31 at 12:00 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      1.62           2.19           Beat
 Jun. 30 2023      1.45           1.95           Beat
 Mar. 31 2023      1.01           1.49           Beat
 Dec. 31 2022      0.84           1.00           Beat