* Ormat Technologies Inc reported quarterly adjusted earnings of 36 cents per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 59 cents. The mean expectation of seven analysts for the quarter was for earnings of 31 cents per share. Wall Street expected results to range from 21 cents to 49 cents per share.
* Revenue rose 1.8% to $211.78 million from a year ago; analysts expected $216.79 million.
* Ormat Technologies Inc's reported EPS for the quarter was 36 cents.
* The company reported quarterly net income of $22.08 million.
* Ormat Technologies Inc shares had risen by 6.4% this quarter and gained 8.0% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 25.7% in the last three months.
* In the last 30 days, three analysts negatively revised earnings estimates
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the electric utilities peer group is also "buy"
Wall Street's median 12-month price target for Ormat Technologies Inc is $81.50 This summary was machine generated from LSEG data November 7 at 04:58 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
Sep. 30 2024 0.31 0.36 Beat
Jun. 30 2024 0.36 0.40 Beat
Mar. 31 2024 0.62 0.64 Beat
Dec. 31 2023 0.58 0.59 Beat
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