Ormat Technologies, Inc. (NYSE:ORA) is set to announce second quarter earning results on Tuesday 4th August 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, ORA to report 2Q20 income of $ 0.38 per share.
For the full year, analysts anticipate top line of $ 720.50 million, while looking forward to income of $ 1.80 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 710.00 million ~ $ 740.00 million
Click Here For More Historical Outlooks Of Ormat Technologies, Inc.
Previous Quarter Performance
Ormat Technologies, Inc. unwinded income for the first quarter of $ 0.53 per share, from the revenue of $ 192.11 million. The quarterly earnings grew 3.92 percent while revenues elevated 4.62 percent compared with the same quarter last year.
Wall street analysts are predicting, ORA to report 1Q20 income of $ 0.51 per share from revenue of $ 187.00 million. The bottom line results beat street analysts by $ 0.02 or 3.92 percent, at the same time, top line results outshined analysts by $ 5.11 million or 2.73 percent.
Historical Earnings Performance
wpDataChart with provided ID not found! wpDataTable with provided ID not found!Click Here For More Historical Earnings Of Ormat Technologies, Inc.
Stock Performance
According to the previous trading day, closing price of ORA was $ 58.51, representing a 5.96 % increase from the 52 week low of $ 55.22 and a 32.8 % decrease over the 52 week high of $ 87.07.
The company has a market capital of $ 2.99 billion and is part of the Utilities sector and Utilities – Independent Power Producers industry.
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Recent Analyst recommendations
- On 9th July 2020, upgraded by JPMorgan Chase & Co. to Overweight from Neutral rating.
Recent Stock Dividend Announcement
On May 8, 2020, the board of directors authorized quarterly dividend of $ 0.11 per share to holders of record as of the close of business on May 21, 2020, with payment date of June 2, 2020 and ex-dividend date on May 20, 2020.
Ormat Technologies, Inc. engages in the geothermal and recovered energy power business in the United States, Indonesia, Kenya, Turkey, Chile, Guatemala, New Zealand, and internationally. The company operates through three segments: Electricity, Product, and Other.
