Sunday, May 19, 2024

Ormat Earnings, Revenue Beat in Q3

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Ormat Earnings, Revenue Beat in Q3 © Reuters. Ormat Earnings, Revenue Beat in Q3

Investing.com – Ormat reported on Wednesday third quarter that beat analysts’ forecasts and revenue that topped expectations.

Ormat announced earnings per share of $0.33 on revenue of $175.9M. Analysts polled by Investing.com anticipated EPS of $0.27 on revenue of $167.69M.

Ormat shares are up 17.79% from the beginning of the year, still down 10.25% from its 52 week high of $98.47 set on September 21.

Ormat follows other major Utilities sector earnings this month

Ormat’s report follows an earnings beat by NextEra Energy on Friday, who reported EPS of $0.85 on revenue of $6.72B, compared to forecasts EPS of $0.79 on revenue of $5.96B.

Southern had beat expectations on October 27 with third quarter EPS of $1.35 on revenue of $8.38B, compared to forecast for EPS of $1.3 on revenue of $6.84B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar

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