Stock Analysis

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

NasdaqGS:OTTR
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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).
earnings-and-revenue-growth
NasdaqGS:OTTR Earnings and Revenue Growth August 6th 2024

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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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.