Ormat Technologies (NYSE:ORA) reported its Q1 earnings results on Tuesday, May 9, 2023 at 04:15 PM.
Here’s what investors need to know about the announcement.
Earnings
Ormat Technologies beat estimated earnings by 4.08%, reporting an EPS of $0.51 versus an estimate of $0.49.
Revenue was up $1.52 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.25 which was followed by a 7.4% drop in the share price the next day.
Here’s a look at Ormat Technologies’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.48 | 0.26 | 0.20 | 0.33 |
| EPS Actual | 0.73 | 0.33 | 0.22 | 0.35 |
| Revenue Estimate | 199.33M | 169.57M | 164.61M | 175.49M |
| Revenue Actual | 205.49M | 175.88M | 169.08M | 183.71M |
To track all earnings releases for Ormat Technologies visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
