Ormat (ORA) Q4 Earnings Top Estimates, Revenues Rise Y/Y

Published on 28 Feb 2024 on Zacks via Yahoo Finance

Ormat (ORA) Q4 Earnings Top Estimates, Revenues Rise Y/Y

Ormat Technologies Inc.’s ORA shares lost 5% to reach $63.83 on Feb 26, following the company’s fourth-quarter and full-year 2023 results.The company reported fourth-quarter 2023 adjusted earnings per share of 67 cents, which outpaced the Zacks Consensus Estimate of 60 cents by 11.7%. The bottom line, however, declined 8.2% on a year-over-year basis.The company reported GAAP earnings of 59 cents per share compared with 32 cents in the year-ago quarter.For 2023, Ormat generated adjusted earnings of $2.05 per share, up from $1.63 in the previous year.

Ormat Technologies, Inc. Price, Consensus and EPS Surprise

Read the rest of the article

NYSE.CWEN price evolution

NYSE.ORA price evolution

Want to become a better investor?

Start tracking your investments with Statfolio

News

Ormat (ORA) Q4 Earnings Top Estimates, Revenues Rise Y/Y

NYSE.CWEN price evolution

NYSE.ORA price evolution

Want to become a better investor?

An Intrinsic Calculation For Clearway Energy, Inc. (NYSE:CWEN.A) Suggests It's...

Is Clearway Energy (CWEN) Best Alternative Energy Stock To Buy According to...

Clearway Energy Inc (CWEN): Evaluating Its Position Among the Best Wind Power...

Clearway Energy, Inc. (NYSE:CWEN) Q1 2024 Earnings Call Transcript

Clearway Energy (CWEN) Q1 Earnings Surpass Estimates, Sales Lag

U.S. Representative Maria Elvira Salazar Just Reported a Purchase of $CWEN stock By Quiver...

Those who invested in Clearway Energy (NYSE:CWEN.A) five years ago are up 88%

Should You Think About Buying Clearway Energy, Inc. (NYSE:CWEN.A) Now?

6 Dividend Champions for Safely Compounding This Year's Hefty Market Gains

Ormat (ORA) Q4 Earnings Top Estimates, Revenues Rise Y/Y