Otter Tail Q3 EPS $2.19 Vs $2.01 Prior Year, Sales $358.06M Beat $335.73M Estimate
Portfolio Pulse from Benzinga Newsdesk
Otter Tail Corporation (NASDAQ:OTTR) reported Q3 earnings of $2.19 per share, an increase of 8.96% from the same period last year. The company's quarterly sales were $358.06 million, beating the analyst consensus estimate of $335.73 million by 6.65%, but representing a 6.72% decrease from the same period last year.
October 30, 2023 | 10:04 pm
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Otter Tail's Q3 earnings per share increased by 8.96% YoY, and sales beat estimates by 6.65%, but were down 6.72% YoY.
Otter Tail's Q3 earnings beat estimates and showed an increase from the previous year, which is positive for the stock. However, the decrease in sales compared to the same period last year might offset the positive impact of the earnings beat.
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RELEVANCE 100