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
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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.
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