* Otter Tail Corp reported quarterly adjusted earnings of $2.03 per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of $2.19. The mean expectation of three analysts for the quarter was for earnings of $1.98 per share. Wall Street expected results to range from $1.86 to $2.11 per share.
* Revenue fell 5.6% to $338.03 million from a year ago; analysts expected $377.15 million.
* Otter Tail Corp's reported EPS for the quarter was $2.03.
* The company reported quarterly net income of $85.48 million.
* Otter Tail Corp shares had risen by 0.5% this quarter and lost 7.6% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by about 13.9% in the last three months.
* In the last 30 days, there have been no negative revisions of earnings estimates
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 no "sell" or "strong sell."
* The average consensus recommendation for the electric utilities peer group is also "hold"
Wall Street's median 12-month price target for Otter Tail Corp is $80.00 This summary was machine generated from LSEG data November 5 at 07:49 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 1.98 2.03 Beat
Jun. 30 2024 1.69 2.07 Beat
Mar. 31 2024 1.45 1.77 Beat
Dec. 31 2023 1.25 1.37 Beat
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