Otter Tail Q2 2024 GAAP EPS $2.07 Beats $1.70 Estimate, Sales $342.336M Miss $367.714M Estimate
Portfolio Pulse from Benzinga Newsdesk
Otter Tail (NASDAQ:OTTR) reported Q2 2024 GAAP EPS of $2.07, beating the $1.70 estimate, but sales of $342.336M missed the $367.714M estimate.
August 05, 2024 | 10:01 pm
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Otter Tail (NASDAQ:OTTR) reported Q2 2024 GAAP EPS of $2.07, beating the $1.70 estimate by 21.76%. However, sales of $342.336M missed the $367.714M estimate by 6.90%.
The significant EPS beat is likely to have a positive impact on the stock price in the short term, despite the sales miss. Investors often prioritize earnings over revenue, especially when the earnings beat is substantial.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100