Ormat Technologies Q4 EPS $0.67 Beats $0.59 Estimate, Sales $241.30M Beat $239.71M Estimate
Portfolio Pulse from Happy Mohamed
Ormat Technologies (ORA) reported Q4 earnings of $0.67 per share, surpassing the $0.59 estimate, and sales of $241.30M, exceeding the $239.71M estimate. This represents a 8.22% decrease in earnings per share but a 17.43% increase in sales compared to the same period last year.
February 21, 2024 | 9:28 pm
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POSITIVE IMPACT
Ormat Technologies reported higher than expected Q4 earnings and sales, with a slight decrease in EPS but significant sales growth year-over-year.
The positive earnings and sales beat indicate strong operational performance and could lead to increased investor confidence and a potential short-term uptick in ORA's stock price. The decrease in EPS compared to last year might be a concern, but the significant sales growth year-over-year is likely to overshadow this aspect.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100