Earnings Preview For Ormat Technologies
Portfolio Pulse from Benzinga Insights
Ormat Technologies (NYSE:ORA) is scheduled to release its quarterly earnings report on February 21, 2024, with analysts expecting an EPS of $0.58. The company's past earnings performance shows a mix of beats and misses, with the last quarter beating estimates by $0.09, leading to a 0.19% increase in share price the following day. However, shares have declined 25.03% over the last 52 weeks, indicating a bearish sentiment among long-term shareholders. Investors will be keenly watching for not only the earnings results but also the company's guidance for future growth.
February 20, 2024 | 5:01 pm
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NEUTRAL IMPACT
Ormat Technologies is expected to report an EPS of $0.58 for the upcoming quarter. The company's past earnings performance and the recent 25.03% decline in share price over the last year suggest a cautious outlook among investors.
The expected EPS of $0.58 and the company's history of beating estimates could provide a positive short-term impact. However, the overall 25.03% decline in share price over the past year and mixed past performance may temper expectations, leading to a neutral score.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100