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Otter Tail Corp. (OTTR)
NASDAQ:OTTR
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Earnings Data
Report Date
Feb 17, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.27Last Year’s EPS
1.37Same Quarter Last Year
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 05, 2018
|% Change Since: 1.74%
|Next Earnings Date:Aug 06, 2018
Earnings Call Sentiment|Positive
The earnings call reflects a generally positive outlook with strong year-to-date performance and increased earnings guidance, despite facing challenges in the Manufacturing segment and ongoing litigation concerns. The Electric segment shows robust growth, and the company maintains a strong financial position.Company Guidance
During Otter Tail Corporation's third quarter 2024 earnings call, the company provided updated guidance for the year, reflecting strong performance in its Plastics segment. Despite a 7% decrease in diluted earnings per share to $2.03, year-to-date earnings have surpassed the previous year by 4%. The Electric segment showed a 16% increase in earnings, attributed to interim rate impacts and favorable regulatory rulings, while the Manufacturing segment faced a 71% decrease due to lower demand. The company's 2024 earnings guidance was raised to a range of $6.97 to $7.17 from the previous $6.77 to $7.07, citing continued strength in Plastics segment performance. The anticipated earnings mix for 2024 is 30% Electric and 70% Nonelectric, with the long-term target remaining at 65% Electric and 35% Nonelectric. Otter Tail also maintained its commitment to a 5-year capital spending plan for the Electric segment, targeting 7.7% rate base growth, with no expected equity needs within the current planning period.Exceeding Earnings Expectations
Year-to-date earnings are ahead of last year by 4%, and the company is guiding to potentially its best year yet in terms of annual earnings.
Electric Segment Growth
Electric segment earnings increased 16% or $4 million, driven by interim rates in North Dakota and a favorable FERC ruling.
Increased Earnings Guidance
Due to strong performance in the Plastics segment, 2024 earnings guidance has been raised to a range of $6.97 to $7.17, with the midpoint increased by $0.15.
5-Year Capital Spending and Growth
A 5-year capital spending plan is in place, expected to produce a rate base growth of 7.7%, with significant investments in renewable generation and transmission.
Strong Balance Sheet
The company reports strong liquidity with $544 million available and no equity needs expected in the current 5-year planning period.
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OTTR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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OTTR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 04, 2024 | $78.07 | $81.07 | +3.84% |
| Aug 05, 2024 | $91.14 | $89.22 | -2.11% |
| May 06, 2024 | $89.19 | $88.84 | -0.39% |
| Feb 12, 2024 | $96.74 | $87.28 | -9.78% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Otter Tail Corp. (OTTR) report earnings?
Otter Tail Corp. (OTTR) is schdueled to report earning on Feb 17, 2025, TBA Not Confirmed.
What is Otter Tail Corp. (OTTR) earnings time?
Otter Tail Corp. (OTTR) earnings time is at Feb 17, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is OTTR EPS forecast?
OTTR EPS forecast for the fiscal quarter 2024 (Q4) is 1.27.
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