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Published on 28 Feb 2024 on Zacks via Yahoo Finance

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


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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

Ormat Technologies, Inc. Price, Consensus and EPS SurpriseOrmat Technologies, Inc. Price, Consensus and EPS Surprise

NYSE.CWEN price evolution
NYSE.ORA price evolution

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