Ormat Technologies Q2 2024 Adj. EPS $0.40 Beats $0.37 Estimate, Sales $212.963M Miss $214.136M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ormat Technologies (NYSE:ORA) reported Q2 2024 adjusted EPS of $0.40, beating the estimate of $0.37. However, sales of $212.963 million missed the estimate of $214.136 million. Sales increased by 9.33% year-over-year.
August 06, 2024 | 8:19 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Ormat Technologies reported Q2 2024 adjusted EPS of $0.40, beating the estimate of $0.37. However, sales of $212.963 million missed the estimate of $214.136 million. Sales increased by 9.33% year-over-year.
The positive EPS surprise is likely to have a more significant impact on the stock price than the slight miss in sales. The year-over-year sales growth of 9.33% also adds a positive sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100