Otter Tail Q4 EPS $1.37 Beats $1.25 Estimate, Sales $314.31M Miss $319.48M Estimate
Portfolio Pulse from Benzinga Newsdesk
Otter Tail Corporation (OTTR) reported Q4 earnings of $1.37 per share, surpassing the consensus estimate of $1.25 by 9.6%. Year-over-year, this represents a 37% increase from $1.00 per share. However, Q4 sales of $314.31 million fell short of the $319.48 million estimate by 1.62%, though they were up 4.28% from the previous year.
February 12, 2024 | 11:02 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Otter Tail Corporation (OTTR) exceeded Q4 EPS estimates but missed on sales forecasts, showing strong earnings growth but slight revenue shortfall.
The positive earnings surprise and significant year-over-year growth in EPS are likely to be viewed favorably by investors, potentially leading to a short-term positive impact on OTTR's stock price. However, the slight miss on sales estimates could temper some of the positive sentiment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100