Otter Tail (Nasdaq: OTTR ) is expected to report Q3 earnings on Nov. 5. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Otter Tail's revenues will wane -15.7% and EPS will grow 94.4%.
The average estimate for revenue is $266.2 million. On the bottom line, the average EPS estimate is $0.35.
Last quarter, Otter Tail booked revenue of $283.7 million. GAAP reported sales were 0.1% higher than the prior-year quarter's $283.3 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.29. GAAP EPS were -$0.49 for Q2 versus $0.51 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 20.8%, 300 basis points better than the prior-year quarter. Operating margin was 7.7%, 300 basis points better than the prior-year quarter. Net margin was -6.1%, 1,270 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $1.06 billion. The average EPS estimate is $1.18.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 957 members out of 986 rating the stock outperform, and 29 members rating it underperform. Among 298 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 292 give Otter Tail a green thumbs-up, and six give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Otter Tail is hold, with an average price target of $23.17.
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