Ormat Technologies Inc reports results for the quarter ended September 30 - Earnings Summary

• Ormat Technologies Inc ORA.N reported quarterly adjusted earnings of 56 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 41 cents. The mean expectation of twelve analysts for the quarter was for earnings of 36 cents per share. Wall Street expected results to range from 7 cents to 51 cents per share.

• Revenue rose 10.2% to $275.12 million from a year ago; analysts expected $248.39 million.

• Ormat Technologies Inc's reported EPS for the quarter was 51 cents​.

• The company reported quarterly net income of $31.91 million.

• Ormat Technologies Inc shares had risen by 3.0% this quarter and lost 14.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 44.9% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy," 6 "hold" and no "sell" or "strong sell." The average consensus recommendation for the electric utilities peer group is also "buy"

• Wall Street's median 12-month price target for Ormat Technologies Inc is $128.00, about 26.3% above its last closing price of $94.28

This summary was machine generated from LSEG data November 4 at 10:48 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)