Otter Tail (NASDAQ:OTTR) Stock, Quote.Headers.trade-ideas

Otter Tail

Otter Tail Corp is a U.S. energy company that operates in the electric (produces and sells electricity), manufacturing (fabricates metal components), and plastics segments (pipes for water uses). The company conducts its operations and acquires the majority of its revenue in the U.S. in the states of Minnesota, South Dakota, and North Dakota. The majority of the company's revenue is derived from the Electric segment and commercial customers, although it generates revenue from residential and industrial customers, as well.

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Macy&#39;s, Dave &amp; Buster&#39;s, Bausch + Lomb And Other Big Stocks Moving Lower In Wednesday&#39;s Pre-Market Session

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Tempur Sealy Posts Upbeat Earnings, Joins FibroGen, Coca-Cola Consolidated, Fabrinet And Other Big Stocks Moving Higher On Tuesday

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As of Feb. 8, 2024, four stocks in the utilities sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

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Otter Tail Corp

Otter Tail Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OTTR#NASDAQ">OTTR</a>) announced today that its Board of Directors increased the company's quarterly common stock dividend to $0.525 per share. The increase brings the annual indicated dividend rate to $2.10 per share, a $0.23, or 12.3 percent, increase over the 2024 rate.

Dividends

Otter Tail Corporation Increases Quarterly Dividend From $0.47 To $0.525 Per Share

U.S. stock futures were mixed this morning, with the Nasdaq futures gaining around 50 points on Wednesday.
Shares of Macy&#8217;s, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>) fell sharply in today's pre-market trading after the company reported<a href="https://www.benzinga.com/news/earnings/24/12/42436387/macys-lowers-annual-profit-forecast-amid-accounting-misstep-stock-tumbles"> third-quarter financial results and lowered FY24 EPS outlook.</a>
Macy's expects 2024 sales of $22.3 billion—$22.5 billion, compared to prior guidance of $22.1 billion—$22.4 billion and a consensus of $22.42 billion. Macy's expects 2024 adjusted EPS of $2.25-$2.50 compared to prior guidance of $2.34-$2.69 and a consensus of $2.73, including accounting error.
The company expects a 2024 comparable owned-plus-licensed-plus-marketplace sales change of Down ~1.0% to ~flat versus 2023 versus Down ~2.0% to down ~0.5% expected earlier.
Macy&#8217;s shares dipped 11.2% to $14.84 in the pre-market trading session.
Here are some other stocks moving lower in pre-market trading.
<ul>
<li>ImmunityBio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBRX#NASDAQ">IBRX</a>) shares fell 29.4% to $3.26 in pre-market trading after the company announced the pricing of its $100 million offering of 33,333,334 shares at $3.00 per share.</li>
<li>Acelyrin, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLRN#NASDAQ">SLRN</a>) shares dipped 13.8% to $3.4999 in pre-market trading after the company announced its Phase 2b/3 study of Izokibep did not meet its primary endpoint, with secondary endpoints also failing to achieve statistical significance.</li>
<li>Dave &amp; Buster&#8217;s Entertainment, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLAY#NASDAQ">PLAY</a>) shares dipped 14.1% to $31.62 in pre-market trading after the company reported worse-than-expected third-quarter EPS and sales. Multiple analysts downgraded the stock following the report.</li>
<li>Bausch + Lomb Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLCO#NYSE">BLCO</a>) shares fell 12.4% to $18.10 in pre-market trading after Citigroup downgraded the stock from Buy to Neutral and lowered its price target from $24 to $22.</li>
<li>Otter Tail Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OTTR#NASDAQ">OTTR</a>) fell 8.4% to $71.87 in pre-market trading.</li>
<li>Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) dipped 6.1% to $38.01 in pre-market trading. This decline occurred despite reassurances from CEO Charles Liang that the company&#8217;s stock would not be delisted from Nasdaq.</li>
<li>The Hershey Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSY#NYSE">HSY</a>) fell 5.1% to $177.50 in pre-market trading.</li>
</ul>
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Macy's, Dave & Buster's, Bausch + Lomb And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session

Otter Tail Power Plans To Add Two Solar Facilities To Its Energy Generation Fleet To Meet Customers' Future Energy Needs

<a href="https://www.ft.com/content/de2ac6e1-c5ef-4b0a-aa70-c936c46fe9f3" title="https://www.ft.com/content/de2ac6e1-c5ef-4b0a-aa70-c936c46fe9f3">https://www.ft.com/content/de2ac6e1-c5ef-4b0a-aa70-c936c46fe9f3</a>

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'DoJ Investigates Potential Price-Fixing In PVC Pipe Market' - Financial Times

Guidance

Otter Tail Revises 2024 EPS Guidance From $6.77 - $7.07 To $6.97 - $7.17 (Est $7.10)

Otter Tail (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OTTR#NASDAQ">OTTR</a>) reported quarterly earnings of $2.03 per share which beat the analyst consensus estimate of $1.98 by 2.53 percent. This is a 7.31 percent decrease over earnings of $2.19 per share from the same period last year. The company reported quarterly sales of $338.03 million which missed the analyst consensus estimate of $377.15 million by 10.37 percent. This is a 5.59 percent decrease over sales of $358.06 million the same period last year.

Earnings

Earnings Beats

Earnings Misses

Otter Tail Q3 2024 GAAP EPS $2.03 Beats $1.98 Estimate, Sales $338.03M Miss $377.15M Estimate

&quot;Despite our strong quarterly financial results within the Manufacturing segment, we continue to face end market demand related headwinds and anticipate conditions to soften further in the second half of 2024. We will continue to take action to manage costs and mitigate the impact of lower sales volumes.&quot; - CEO said.
&quot;Our Plastics segment continues to perform exceptionally well, capitalizing on customer sales volume growth and distributor and end market demand. The sales price of PVC pipe continues to decline but at a slower rate than what we originally anticipated.

Citing Continued Strength Within Plastics Segment, Otter Tail Increases FY24 EPS Guidance From $6.23 - $6.53 To $6.77 - $7.07, Est $6.37

Otter Tail (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OTTR#NASDAQ">OTTR</a>) reported quarterly earnings of $2.07 per share which beat the analyst consensus estimate of $1.70 by 21.76 percent. This is a 6.15 percent increase over earnings of $1.95 per share from the same period last year. The company reported quarterly sales of $342.336 million which missed the analyst consensus estimate of $367.714 million by 6.90 percent. This is a 1.37 percent increase over sales of $337.716 million the same period last year.

Otter Tail Q2 2024 GAAP EPS $2.07 Beats $1.70 Estimate, Sales $342.336M Miss $367.714M Estimate

U.S. stocks were higher, with the Dow Jones gaining over 80 points on Tuesday.
Shares of Tempur Sealy International, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPX#NYSE">TPX</a>) rose sharply during Tuesday's session <a href="https://www.benzinga.com/quote/TPX/earnings">following upbeat quarterly earnings</a>.
Tempur Sealy reported a first-quarter FY24 sales decline of 1.5% year-on-year to $1.189 billion, missing the analyst consensus estimate of $1.213 billion. Adjusted EPS of 50 cents beat the analyst consensus of 48 cents, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Tempur Sealy International shares gained 6.6% to $53.48 on Tuesday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Great Lakes Dredge &amp; Dock Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLDD#NASDAQ">GLDD</a>) shares jumped 31.5% to $9.26 following better-than-expected first-quarter financial results.</li>
<li>Dave Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAVE#NYSE">DAVE</a>) rose 25% to $58.20 after the company reported better-than-expected first-quarter financial results and issued FY24 operating revenue.</li>
<li>Thoughtworks Holding, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TWKS#NASDAQ">TWKS</a>) climbed 22% to $3.0750 after the company issued strong guidance.</li>
<li>The Real Brokerage Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REAX#NASDAQ">REAX</a>) rose 21.5% to $5.07 following strong quarterly sales.</li>
<li>Zeta Global Holdings Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZETA#NASDAQ">ZETA</a>) shares surged 21% to $15.72 after the company reported better-than-expected first-quarter financial results and increased its second-quarter revenue guidance.</li>
<li>Bandwidth Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BAND#NASDAQ">BAND</a>) rose 19.2% to $24.45 after the company reported better-than-expected first-quarter financial results and issued FY24 revenue guidance above estimates.</li>
<li>ADTRAN Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADTN#NASDAQ">ADTN</a>) rose 18.4% to $5.58 following upbeat quarterly results.</li>
<li>Jumia Technologies AG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JMIA#NASDAQ">JMIA</a>) climbed 18.3% to $6.47 after the company reported a year-over-year increase in first-quarter revenue results.</li>
<li>Ambac Financial Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMBC#NYSE">AMBC</a>) shares rose 16.5% to $17.64 following better-than-expected first-quarter earnings.</li>
<li>FibroGen, Inc.  (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FGEN#NASDAQ">FGEN</a>) climbed 15.5% to $1.34 after the company reported mixed first-quarter financial results.</li>
<li>Sterling Infrastructure, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STRL#NASDAQ">STRL</a>) gained 15.1% to $121.27 after the company reported better-than-expected first-quarter financial results.</li>
<li>Coca-Cola Consolidated, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COKE#NASDAQ">COKE</a>) rose 14.5% to $981.96 following first-quarter results.</li>
<li>Fabrinet (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FN#NYSE">FN</a>) jumped 14% to $215.29 after the company reported better-than-expected third-quarter financial results and issued fourth-quarter adjusted EPS guidance above estimates.</li>
<li>J&amp;J Snack Foods Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JJSF#NASDAQ">JJSF</a>) rose 13.5% to $156.51 following better-than-expected quarterly results.</li>
<li>Artivion, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AORT#NYSE">AORT</a>) rose 13.4% to $23.90 following strong quarterly results.</li>
<li>EverQuote, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVER#NASDAQ">EVER</a>) surged 12.7% to $24.09 after the company reported better-than-expected first quarter financial results and issued second quarter revenue guidance above estimates.</li>
<li>Air Transport Services Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATSG#NASDAQ">ATSG</a>) jumped 12.7% to $14.94 following upbeat earnings.</li>
<li>Surgery Partners, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGRY#NASDAQ">SGRY</a>) rose 9.3% to $27.98 following upbeat earnings.</li>
<li>ImmunityBio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBRX#NASDAQ">IBRX</a>) climbed 9.3% to $8.54.</li>
<li>Crocs, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CROX#NASDAQ">CROX</a>) rose 8.6% to $137.52 following first quarter financial results.</li>
<li>Symbotic Inc.  (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYM#NYSE">SYM</a>) shares gained 8.1% to $45.33 after the company reported mixed second-quarter financial results.</li>
<li>Mueller Water Products, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MWA#NYSE">MWA</a>) rose 8.3% to $17.92 after the company reported better-than-expected seconc-quarter financial results and announced that Marietta Edmunds Zakas has been appointed Chief Executive Officer.</li>
<li>UBS Group AG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBS#NYSE">UBS</a>) shares rose 8% to $29.81 after the company posted better-than-expected results for its first quarter.</li>
<li>Summit Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMMT#NASDAQ">SMMT</a>) gained 7% to $4.7550. Citigroup analyst Yigal Nochomovitz initiated coverage on Summit Therapeutics with a Buy rating and announced a price target of $7.</li>
<li>Hims &amp; Hers Health, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIMS#NYSE">HIMS</a>) shares rose 6.9% to $12.45 after the company reported better-than-expected first-quarter financial results and issued FY24 revenue guidance above estimates.</li>
<li>Otter Tail Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OTTR#NASDAQ">OTTR</a>) jumped 5.9% to $96.00 following first-quarter earnings.</li>
<li>Fidelity National Information Services, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIS#NYSE">FIS</a>) gained 5.3% to $74.17 as the company reported better-than-expected first-quarter financial results and announced a $500 million increase to 2024 share repurchase goal.</li>
<li>NRG Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRG#NYSE">NRG</a>) gained 5.1% to $81.86 following upbeat earnings.</li>
</ul>
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WIIM

Otter Tail shares are trading higher following Q1 earnings.

Otter Tail (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OTTR#NASDAQ">OTTR</a>) reported quarterly earnings of $1.77 per share which beat the analyst consensus estimate of $1.46 by 21.23 percent. This is a 18.79 percent increase over earnings of $1.49 per share from the same period last year. The company reported quarterly sales of $347.068 million which missed the analyst consensus estimate of $353.663 million by 1.86 percent. This is a 2.36 percent increase over sales of $339.081 million the same period last year.

Otter Tail Q1 2024 GAAP EPS $1.77 Beats $1.46 Estimate, Sales $347.068M Miss $353.663M Estimate

Offerings

Otter Tail Corp Files For Mixed Shelf Offering; Size Not Disclosed

Otter Tail shares are trading lower after the company reported worse-than-expected Q4 revenue results.

Otter Tail Expects 2024 EPS Of $5.13-$5.43 (Est $4.08)

Otter Tail (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OTTR#NASDAQ">OTTR</a>) reported quarterly earnings of $1.37 per share which beat the analyst consensus estimate of $1.25 by 9.6 percent. This is a 37 percent increase over earnings of $1.00 per share from the same period last year. The company reported quarterly sales of $314.31 million which missed the analyst consensus estimate of $319.48 million by 1.62 percent. This is a 4.28 percent increase over sales of $301.41 million the same period last year.

Otter Tail Q4 EPS $1.37 Beats $1.25 Estimate, Sales $314.31M Miss $319.48M Estimate

<h3>Companies Reporting Before The Bell</h3>
&bull; Beasley Broadcast Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BBGI#NASDAQ">BBGI</a>) is projected to report quarterly loss at $0.07 per share on revenue of $66.05 million.
&bull; Trimble (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRMB#NASDAQ">TRMB</a>) is likely to report quarterly earnings at $0.59 per share on revenue of $911.34 million.
&bull; Monday.Com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNDY#NASDAQ">MNDY</a>) is estimated to report quarterly earnings at $0.32 per share on revenue of $197.95 million.
&bull; Alexander&#39;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALX#NYSE">ALX</a>) is projected to report earnings for its fourth quarter.
<h3>Companies Reporting After The Bell</h3>
&bull; Cemtrex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CETX#NASDAQ">CETX</a>) is estimated to report earnings for its first quarter.
&bull; Star Bulk Carriers (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBLK#NASDAQ">SBLK</a>) is projected to report quarterly earnings at $0.73 per share on revenue of $203.01 million.
&bull; Safe Bulkers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SB#NYSE">SB</a>) is estimated to report quarterly earnings at $0.17 per share on revenue of $74.54 million.
&bull; PetVivo Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PETV#NASDAQ">PETV</a>) is estimated to report earnings for its third quarter.
&bull; Delta Apparel (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/DLA#AMEX">DLA</a>) is likely to report quarterly loss at $0.91 per share on revenue of $92.50 million.
&bull; Goodyear Tire &amp; Rubber (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GT#NASDAQ">GT</a>) is expected to report quarterly earnings at $0.36 per share on revenue of $5.39 billion.
&bull; Electrovaya (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELVA#NASDAQ">ELVA</a>) is likely to report earnings for its first quarter.
&bull; 2U (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TWOU#NASDAQ">TWOU</a>) is likely to report quarterly earnings at $0.64 per share on revenue of $280.67 million.
&bull; Service Corp Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCI#NYSE">SCI</a>) is estimated to report quarterly earnings at $0.91 per share on revenue of $1.02 billion.
&bull; Equity Commonwealth (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQC#NYSE">EQC</a>) is projected to report earnings for its fourth quarter.
&bull; Safehold (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAFE#NYSE">SAFE</a>) is estimated to report quarterly earnings at $0.35 per share on revenue of $85.95 million.
&bull; Brixmor Property Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRX#NYSE">BRX</a>) is projected to report earnings for its fourth quarter.
&bull; Federal Realty Investment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FRT#NYSE">FRT</a>) is estimated to report earnings for its fourth quarter.
&bull; SPDR ICE Preferred Securities ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSK#NYSE">PSK</a>) is likely to report quarterly earnings at $0.23 per share on revenue of $125.00 million.
&bull; Intercorp Financial Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IFS#NYSE">IFS</a>) is likely to report quarterly earnings at $0.26 per share on revenue of $419.95 million.
&bull; ZoomInfo Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZI#NASDAQ">ZI</a>) is expected to report quarterly earnings at $0.25 per share on revenue of $310.67 million.
&bull; Teradata (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDC#NYSE">TDC</a>) is likely to report quarterly earnings at $0.51 per share on revenue of $456.79 million.
&bull; Avis Budget Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAR#NASDAQ">CAR</a>) is projected to report quarterly earnings at $4.15 per share on revenue of $2.81 billion.
&bull; Investcorp Credit (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICMB#NASDAQ">ICMB</a>) is estimated to report quarterly earnings at $0.13 per share on revenue of $6.42 million.
&bull; Blackbaud (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLKB#NASDAQ">BLKB</a>) is estimated to report quarterly earnings at $1.05 per share on revenue of $299.05 million.
&bull; Bank of N.T Butterfield (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NTB#NYSE">NTB</a>) is estimated to report quarterly earnings at $1.11 per share on revenue of $141.34 million.
&bull; Otter Tail (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OTTR#NASDAQ">OTTR</a>) is estimated to report quarterly earnings at $1.25 per share on revenue of $319.48 million.
&bull; Hudson Pacific Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPP#NYSE">HPP</a>) is estimated to report earnings for its fourth quarter.
&bull; Watts Water Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WTS#NYSE">WTS</a>) is estimated to report quarterly earnings at $1.78 per share on revenue of $532.29 million.
&bull; Aspen Aerogels (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASPN#NYSE">ASPN</a>) is projected to report quarterly loss at $0.12 per share on revenue of $80.86 million.
&bull; Trinseo (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSE#NYSE">TSE</a>) is estimated to report quarterly loss at $1.33 per share on revenue of $853.00 million.
&bull; Brighthouse Finl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BHF#NASDAQ">BHF</a>) is likely to report quarterly earnings at $3.69 per share on revenue of $2.13 billion.
&bull; Beyond Air (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XAIR#NASDAQ">XAIR</a>) is expected to report quarterly loss at $0.53 per share on revenue of $450 thousand.
&bull; Arista Networks (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANET#NYSE">ANET</a>) is likely to report quarterly earnings at $1.70 per share on revenue of $1.53 billion.
&bull; Lattice Semiconductor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSCC#NASDAQ">LSCC</a>) is likely to report quarterly earnings at $0.45 per share on revenue of $176.19 million.
&bull; Vornado Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VNO#NYSE">VNO</a>) is likely to report earnings for its fourth quarter.
&bull; Medpace Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MEDP#NASDAQ">MEDP</a>) is estimated to report quarterly earnings at $2.22 per share on revenue of $498.71 million.
&bull; James Hardie Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JHX#NYSE">JHX</a>) is estimated to report earnings for its third quarter.
&bull; Principal Finl Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFG#NASDAQ">PFG</a>) is expected to report quarterly earnings at $1.68 per share on revenue of $3.60 billion.
&bull; Cadence Design Sys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNS#NASDAQ">CDNS</a>) is likely to report quarterly earnings at $1.33 per share on revenue of $1.06 billion.
&bull; Waste Management (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WM#NYSE">WM</a>) is expected to report quarterly earnings at $1.53 per share on revenue of $5.20 billion.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

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Earnings Scheduled For February 12, 2024

Otter Tail (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OTTR#NASDAQ">OTTR</a>) is set to give its latest quarterly earnings report on Monday, 2024-02-12. Here's what investors need to know before the announcement.
Analysts estimate that Otter Tail will report an earnings per share (EPS) of $1.25. 
Otter Tail bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company beat EPS by $0.57, which was followed by a 10.29% increase in the share price the next day.
Here's a look at Otter Tail's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.62</td>
<td>1.45</td>
<td>1.01</td>
<td>0.84</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>2.19</td>
<td>1.95</td>
<td>1.49</td>
<td>1</td>
</tr>
<tr>
<td>Price Change %</td>
<td>10.29%</td>
<td>9.59%</td>
<td>6.37%</td>
<td>-4.63%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1707487263_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Otter Tail were trading at $95.52 as of February 07. Over the last 52-week period, shares are up 48.92%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release. 
<a href="https://www.benzinga.com/quote/OTTR/earnings">To track all earnings releases for Otter Tail visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Preview: Otter Tail

As of Feb. 8, 2024, four stocks in the utilities sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#39;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#39;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi"> RSI is above 70</a>, according to <a href="https://pro.benzinga.com/"> Benzinga Pro</a>.
Here&rsquo;s the latest list of major overbought players in this sector.
<h3>Korea Electric Power Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kep#NYSE">KEP</a>)</h3>
<ul>
<li>The company&rsquo;s stock gained around 7% over the past month and has a <a href="https://www.benzinga.com/quote/KEP">52-week high of $8.10 </a>.</li>
<li>RSI Value: 73.44</li>
<li>KEP Price Action: Shares of Korea Electric Power gained 1.7% to close at $7.92 on Wednesday.</li>
</ul>
<h3>Vistra Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vst#NYSE">VST</a>)</h3>
<ul>
<li>On Dec. 12, Vistra priced upsized private offerings of $400 million 6.950% senior secured notes due 2033 and $350 million 7.750% senior unsecured notes due 2031. The company&rsquo;s stock gained around 12% over the past month and <a href="https://www.benzinga.com/quote/VST"> has a 52-week high </a> of $44.96.</li>
<li>RSI Value: 72.90</li>
<li>VST Price Action: Shares of Vistra gained 1.2% to close at $43.76 on Wednesday.</li>
</ul>
<h3>Constellation Energy Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ceg#NASDAQ">CEG</a>)</h3>
<ul>
<li>On Dec. 14, Constellation Energy announced the board approved a $1 billion increase to the company&#39;s previously announced $1 billion repurchase program. The company&rsquo;s stock gained around 9% over the past five days and has a <a href="https://www.benzinga.com/quote/CEG"> 52-week high </a> of $133.80.</li>
<li>RSI Value: 73.77</li>
<li>CEG Price Action: Shares of Constellation Energy gained 1.1% to close at $132.50 on Wednesday.</li>
</ul>
<h3>Otter Tail Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ottr#NASDAQ">OTTR</a>)</h3>
<ul>
<li>On Feb. 5, Otter Tail raised its quarterly common stock dividend from 43.75 cents to 46.75 cents per share. The company&rsquo;s stock jumped around 10% over the past month and has a 52-week high is $95.99.</li>
<li>RSI Value: 72.48</li>
<li>OTTR Price Action: Shares of Otter Tail gained 0.7% to close at $94.81 on Wednesday.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/news/earnings/24/02/36999219/conocophillips-disney-and-3-stocks-to-watch-heading-into-thursday"> ConocoPhillips, Disney And 3 Stocks To Watch Heading Into Thursday </a>

On CNBC&rsquo;s &quot;Mad Money Lightning Round,&quot; Jim Cramer says Wolfspeed, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wolf#NYSE">WOLF</a>) is &quot;losing too much money&quot; and referred to the semiconductor manufacturer as a &quot;<a href="https://www.benzinga.com/news/earnings/24/01/36877834/wolfspeed-stock-takes-a-hit-after-hours-heres-why">second-rate player.&quot; </a>
The Durham, N.C.-based company reported second-quarter losses of 55 cents per share. It beat the analyst consensus estimate of losses of 66 cents, but marked a 400% decrease over losses of 11 cents per share from last year.
Wolfspeed reported revenue of $208.4 million, beating analyst expectations of $206.36 million, marking a 3.56% decrease over sales of $216.1 million from last year.
Cramer also blamed PureCycle Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pct#NASDAQ">PCT</a>) for not making money.
PureCycle recently issued an update for its Ironton production facility. In the last two weeks, it produced 183,000 pounds of pellets, the company claims.
Cramer recommends buying AvalonBay Communities, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/avb#NYSE">AVB</a>). &quot;I think AvalonBay right here is done going down, that&rsquo;s a gutsy call by me,&quot; he added.
AvalonBay Communities posted in-line earnings for its fourth quarter.
When asked about Herbalife Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hlf#NYSE">HLF</a>), he said, &quot;No, no. We got to step up our game.&quot;
Herbalife appointed Stephan Gratziani as President, effective Jan. 2, 2024.
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
The &quot;Mad Money&quot; host recommended buying Otter Tail Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ottr#NASDAQ">OTTR</a>).
Otter Tail raised its quarterly common stock dividend from 43.75 cents to 46.75 cents per share.
Cramer said Liberty Energy Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lbrt#NYSE">LBRT</a>) is a good company and recommended sticking with it. &quot;Very inexpensive stock, don&rsquo;t really get it,&quot; he added.
Liberty Energy recently reported weaker-than-expected results for its fourth quarter.
Cramer recommended buying Palantir Technologies Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pltr#NYSE">PLTR</a>).
Palantir Technologies reported better-than-expected <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/02/36958716/palantir-rallies-off-ai-driven-q4-earnings-bull-analyst-sees-off-the-charts-commerc">fourth-quarter results</a>.
<h3>Price Action:</h3>
<ul>
<li>Shares of Palantir jumped 30.8% to close at $21.87 on Tuesday.</li>
<li>Liberty Energy shares rose 1.1% to $19.31 on Tuesday.</li>
<li>Otter Tail shares rose 2.1% to settle at $94.14 during Tuesday&rsquo;s session.</li>
<li>Shares of Herbalife rose 2.2% to close at $11.54 on Tuesday.</li>
<li>AvalonBay Communities shares rose 1.6% to settle at $172.75.</li>
<li>Shares of PureCycle Technologies gained 3.9% to close at $4.78 on Tuesday.</li>
<li>Wolfspeed shares gained 5.6% to settle at $26.70 on Tuesday.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/02/36930849/top-5-consumer-stocks-that-could-blast-off-in-q1"> Top 5 Consumer Stocks That Could Blast Off In Q1 </a> 
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The increase brings the annual indicated dividend rate to&nbsp;$1.87&nbsp;per share, a&nbsp;$0.12, or&nbsp;6.9 percent, increase over the 2023 rate.&nbsp;

Otter Tail Increases Quarterly Common Stock Dividend From $0.4375 To $0.4675 Per Share.

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Otter Tail Power Company receives Minnesota Public Utilities Commission approval on Integrated Resource Plan

Otter Tail Corporation Will Host Conference Call on Second Quarter 2024 Financial Results

Otter Tail Corporation Announces Record Second Quarter Earnings, Maintains Electric Segment Guidance and Increases Consolidated 2024 Annual Earnings Guidance

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Otter Tail Corporation Will Host Conference Call on Third Quarter 2024 Financial Results

Otter Tail Corporation Announces Third Quarter Earnings, Increases Consolidated 2024 Annual Earnings Guidance

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