Otter Tail Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Otter Tail (NASDAQ:OTTR) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$342.3m (up 1.4% from 2Q 2023).
• Net income: US$87.0m (up 6.1% from 2Q 2023).
• Profit margin: 25% (up from 24% in 2Q 2023).
• EPS: US$2.08 (up from US$1.97 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Otter Tail EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 6.9%. Earnings per share (EPS) exceeded analyst estimates by 22%.

Looking ahead, revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Electric Utilities industry in the US.

Performance of the American Electric Utilities industry.

The company's shares are down 4.5% from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for Otter Tail (1 is a bit concerning!) that you need to take into consideration.

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