Ormat Technologies (ORA) Tops Q4 Earnings Estimates

Group 1 - Ormat Technologies reported quarterly earnings of $0.72 per share, exceeding the Zacks Consensus Estimate of $0.47 per share, and showing an increase from $0.67 per share a year ago, resulting in an earnings surprise of 53.19% [1] - The company posted revenues of $230.74 million for the quarter ended December 2024, which was 1.27% below the Zacks Consensus Estimate and a decrease from $241.34 million in the previous year [2] - Over the last four quarters, Ormat Technologies has surpassed consensus EPS estimates three times and topped consensus revenue estimates two times [2] Group 2 - The stock's immediate price movement will depend on management's commentary during the earnings call and the sustainability of earnings expectations [3][4] - Ormat Technologies shares have gained approximately 1.2% since the beginning of the year, compared to a 1.3% gain in the S&P 500 [3] - The current consensus EPS estimate for the upcoming quarter is $0.67 on revenues of $234.83 million, and for the current fiscal year, it is $2.18 on revenues of $953.23 million [7] Group 3 - The Zacks Industry Rank indicates that the Alternative Energy - Other sector is in the top 32% of over 250 Zacks industries, suggesting a favorable outlook for stocks in this category [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5] - The estimate revisions trend for Ormat Technologies is currently mixed, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6]