Recap: Ormat Technologies Q1 Earnings

Ormat Technologies 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.

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.

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.

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