Otter Tail Full Year 2023 Earnings: EPS Beats Expectations
Otter Tail (NASDAQ:OTTR) Full Year 2023 Results
Key Financial Results
Revenue: US$1.35b (down 7.6% from FY 2022).
Net income: US$294.2m (up 3.5% from FY 2022).
Profit margin: 22% (up from 20% in FY 2022). The increase in margin was driven by lower expenses.
EPS: US$7.06 (up from US$6.83 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Otter Tail EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.9%.
Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 3.3% growth forecast for the Electric Utilities industry in the US.
Performance of the American Electric Utilities industry.
The company's shares are down 5.9% from a week ago.
Risk Analysis
It is worth noting though that we have found 2 warning signs for Otter Tail (1 doesn't sit too well with us!) 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.
