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

Otter Tail (NASDAQ:OTTR) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$338.0m (down 5.6% from 3Q 2023).
• Net income: US$85.5m (down 7.1% from 3Q 2023).
• Profit margin: 25% (in line with 3Q 2023).
• EPS: US$2.05 (down from US$2.21 in 3Q 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 10%. Earnings per share (EPS) exceeded analyst estimates by 6.0%.

Looking ahead, revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Electric Utilities industry in the US.

Performance of the American Electric Utilities industry.

The company's shares are up 2.8% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Otter Tail (1 is significant!) that we have uncovered.

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