Otter Tail Q2 EPS $1.95 Beats $1.45 Estimate, Sales $337.72M Beat $325.25M Estimate
Portfolio Pulse from Benzinga Newsdesk
Otter Tail Corporation reported Q2 earnings of $1.95 per share, beating the analyst consensus estimate of $1.45 by 34.48%. However, this is a 4.88% decrease from the same period last year. The company also reported quarterly sales of $337.72 million, beating the analyst consensus estimate of $325.25 million by 3.83%, but this is a 15.58% decrease from the same period last year.
July 31, 2023 | 10:07 pm
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NEUTRAL IMPACT
Otter Tail Corporation's Q2 earnings and sales beat estimates but show a decrease from the same period last year.
While Otter Tail Corporation beat analyst estimates for Q2 earnings and sales, the decrease from the same period last year could potentially impact investor sentiment and the stock's performance in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100