Ormat Technologies (NYSE: ORA) is expected to report Q1 earnings on May 7. 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 Ormat Technologies's revenues will decrease -8.5% and EPS will wane -66.7%.
The average estimate for revenue is $121.0 million. On the bottom line, the average EPS estimate is $0.06.
Revenue details
Last quarter, Ormat Technologies notched revenue of $116.1 million. GAAP reported sales were 6.2% lower than the prior-year quarter's $123.7 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
Last quarter, EPS came in at -$4.89. GAAP EPS were -$4.89 for Q4 versus -$0.95 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Recent performance
For the preceding quarter, gross margin was 19.0%, 770 basis points worse than the prior-year quarter. Operating margin was 7.0%, 700 basis points worse than the prior-year quarter. Net margin was -191.6%, much worse than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $524.0 million. The average EPS estimate is $0.59.
Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 423 members out of 446 rating the stock outperform, and 23 members rating it underperform. Among 69 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 58 give Ormat Technologies a green thumbs-up, and 11 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Ormat Technologies is outperform, with an average price target of $22.75.
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