Otter Tail Q1 2024 GAAP EPS $1.77 Beats $1.46 Estimate, Sales $347.068M Miss $353.663M Estimate
Portfolio Pulse from Benzinga Newsdesk
Otter Tail Corporation (OTTR) reported Q1 2024 earnings of $1.77 per share, surpassing the $1.46 estimate, marking a 21.23% beat and an 18.79% increase from last year. However, their sales of $347.068M fell short of the $353.663M estimate by 1.86%, though it's a 2.36% increase from the previous year.
May 06, 2024 | 10:06 pm
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NEUTRAL IMPACT
Otter Tail Corporation (OTTR) exceeded Q1 2024 EPS estimates but missed on sales forecasts, showing mixed financial performance.
While the earnings per share (EPS) beat is positive, indicating operational efficiency and profitability, the miss on sales forecasts could raise concerns about growth and demand. The mixed results may lead to neutral short-term stock price movement as investors weigh the positive earnings against the slight sales disappointment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100