Otter Tail Corporation Announces Third Quarter Earnings, Increases Consolidated 2024 Annual Earnings Guidance
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Otter Tail Corporation reported its third quarter earnings, showing a 7% decrease in diluted earnings per share to $2.03 compared to the previous year. However, the company increased its 2024 annual earnings guidance midpoint by $0.15 to $7.07 per share, with a return on equity of 20% over the trailing twelve months.
November 05, 2024 | 12:30 pm
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Otter Tail Corporation's Q3 earnings showed a 7% decrease in EPS to $2.03, but the company raised its 2024 earnings guidance midpoint to $7.07 per share. The return on equity is 20%.
Despite a decrease in Q3 EPS, the increase in 2024 earnings guidance suggests positive future performance, likely boosting investor confidence and stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100