OTTR Earnings Prediction
The chart below shows how OTTR performed 10 days before and after its earnings report, based on data from the past quarters. Typically, OTTR sees a -1.26% change in stock price 10 days leading up to the earnings, and a +1.35% change 10 days following the report. On the earnings day itself, the stock moves by +0.20%. This data can give you a slight idea of what to expect for the next quarter's release.
OTTR Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
338.03M
-5.59%
-1.26%
Gross Margin
51.42%
-0.33%
-0.73%
Operating Margin
32.51%
-5.69%
-1.78%
Net Margin
25.29%
-1.56%
-0.47%
EPS
2.03
-7.31%
-1.93%
No Data Available
OTTR Earnings Analysis
Otter Tail Corp Corporation (OTTR.O) Earnings Conference Call
Positive
Earnings Guidance Increase: 1. Increased Earnings Guidance: Otter Tail Corporation raised its 2024 diluted earnings per share guidance to a range of $6.97 to $7.17, reflecting a $0.15 increase due to strong performance in the Plastics segment.
Electric Segment Earnings Rise: 2. Electric Segment Growth: The Electric segment's earnings increased by 16% or $4 million compared to the third quarter of 2023, driven by interim rate increases and favorable weather conditions.
Liquidity Strength: 3. Strong Liquidity Position: The company reported total available liquidity of $544 million, which includes $280 million in cash, ensuring a robust financial position to support growth initiatives.
Renewable Energy Investment Growth: 4. Capital Investment in Renewable Energy: Otter Tail Power's five-year capital spending plan is expected to produce a rate-based growth of 7.7%, with significant investments in renewable generation and transmission.
Meter Upgrade Success: 5. Successful Meter Upgrade Project: Approximately 90% of the 173,000 meters in the Advanced Metering Infrastructure project have been upgraded, which is anticipated to reduce operating expenses and enhance customer service.
Negative
Earnings Per Share Decline: 1. Decline in Earnings Per Share: Diluted earnings per share decreased by 7% to $2.03 compared to the third quarter of 2023.
Manufacturing Earnings Decline: 2. Manufacturing Segment Earnings Drop: The manufacturing segment experienced a significant earnings decline of 71%, approximately $5 million, due to lower sales volumes and profit margins.
Plastics Segment Earnings Decline: 3. Plastics Segment Earnings Decrease: Earnings in the plastics segment fell by 8%, approximately $5 million, primarily due to lower sales prices of PVC pipe, which decreased by 11% year-over-year.
Manufacturing Sales Decline: 4. Sales Volume Decline: Sales volumes in the manufacturing segment decreased by 13% compared to the same quarter last year, reflecting weakened demand across key end markets.
Lower Earnings Guidance: 5. Anticipated Lower Earnings Guidance: The company is decreasing its 2024 earnings guidance for the manufacturing segment due to expected lower sales volumes in the fourth quarter.
OTTR FAQs
How does OTTR typically perform around its earnings report dates?
Is Otter Tail Corporation (OTTR) Q3 2024 Earnings Call Summary positive or negative?
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OTTR Earning Call Sentiment
Otter Tail Corporation (OTTR) Q3 2024 Earnings Call Transcript
OTTR.O
0.5%Positive
The earnings call summary reflects challenges in multiple segments, with manufacturing and plastics facing significant declines. Regulatory risks, class action lawsuits, and supply chain issues further exacerbate concerns. The Q&A session highlighted uncertainties in future large loads and PVC pricing dynamics. Despite a slight increase in earnings guidance, the overall sentiment is negative due to declining earnings, legal risks, and market challenges. Given the company's market cap, the stock is likely to experience a negative impact in the range of -2% to -8%.
