Analysts Estimate Ormat Technologies (ORA) to Report a Decline in Earnings: What to Look Out for

Company Overview - Ormat Technologies (ORA) is expected to report a year-over-year decline in earnings, with a projected earnings per share (EPS) of $0.33, reflecting a decrease of 29.8% compared to the previous year [3] - Revenue for the quarter is anticipated to be $211.64 million, which represents a slight increase of 1.7% from the same quarter last year [3] Earnings Expectations - The earnings report is scheduled for release on November 6, 2024, and could influence the stock price depending on whether the actual results exceed or fall short of expectations [2] - The consensus EPS estimate has been revised down by 2.62% over the last 30 days, indicating a bearish sentiment among analysts regarding the company's earnings prospects [4][10] Earnings Surprise Prediction - The Most Accurate Estimate for Ormat Technologies is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -20%, which suggests a challenging outlook for beating the consensus EPS estimate [10] - The company currently holds a Zacks Rank of 5 (Strong Sell), further complicating the prediction of an earnings beat [10] Historical Performance - In the last reported quarter, Ormat Technologies had an EPS expectation of $0.37 but delivered $0.40, resulting in a positive surprise of 8.11% [11] - Over the past four quarters, the company has surpassed consensus EPS estimates three times, indicating some potential for positive performance despite current challenges [12] Industry Comparison - Constellation Energy Corporation (CEG), another player in the alternative energy sector, is expected to report an EPS of $2.72, reflecting a year-over-year increase of 20.4% [16] - CEG's revenue is projected to be $6.21 billion, up 1.6% from the previous year, and it has seen a significant upward revision of 21.9% in its EPS estimate over the last 30 days [16][17]