Otter Tail Earnings Preview: March 2024 Expectations

Otter Tail is set to announce quarterly earnings soon. Analysts predict revenue of $321M and EPS of $1.30, which could impact its stock price. Positive hedge fund activities may indicate investor confidence.

Date: 16-02-2025

AI Rating: 7

Earnings Per Share (EPS)
The report indicates that analysts are expecting Otter Tail to report earnings of $1.30 per share. A favorable earnings report can positively influence investor sentiment and stock price. If the earnings meet or exceed expectations, this could lead to an increase in stock value.

Revenue Growth
The anticipated revenue is reported at $321,047,550. Meeting this revenue target could signal a stable performance and positive growth outlook, which typically supports stock price growth.

Hedge Fund Activity
There is a significant amount of hedge fund activity for Otter Tail, with 159 institutional investors adding to their positions while 157 decreased. Notable adds include BlackRock, which increased its position by 5.7%, and Citadel Advisors with a 282.9% increase. This indicates growing institutional confidence, which often translates to stock price appreciation. The strong activity from large institutional investors is generally seen as a positive sign for potential stock performance.

Stocks: OTTR