* Otter Tail Corp reported quarterly adjusted earnings of $2.07 per share for the quarter ended in June, higher than the same quarter last year, when the company reported EPS of $1.95. The mean expectation of three analysts for the quarter was for earnings of $1.69 per share. Wall Street expected results to range from $1.63 to $1.76 per share.
* Revenue rose 1.4% to $342.34 million from a year ago; analysts expected $367.71 million.
* Otter Tail Corp's reported EPS for the quarter was $2.07.
* The company reported quarterly net income of $87 million.
* Otter Tail Corp shares had risen by 7.2% this quarter and gained 10.5% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by about 12.5% 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 August 5 at 11:18 p.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
Jun. 30 2024 1.69 2.07 Beat
Mar. 31 2024 1.45 1.77 Beat
Dec. 31 2023 1.25 1.37 Beat
Sep. 30 2023 1.62 2.19 Beat
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