For its second fiscal quarter (ending June 30), Ormat Technologies Inc (NYSE: ORA) has reported a -8% decline in E.P.S. from $0.40 a year ago to $0.37 in the current quarter. This performance was $-0.01 short of the consensus estimate of $0.38. E.P.S. were $2.19 for the latest four quarters through June 30 versus $1.55 for the same period a year ago — an increase of 41%.
Recent Price Action
Ormat Technologies Inc (NYSE: ORA) stock closed at $73.94 on 8/6/24 after an increase of 1.6%. However, this advance was accompanied by below average trading volume at 72% of normal. The stock has declined -3.0% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, ORA is expected to continue to be a modest Value Builder.
Ormat Technologies has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Ormat Technologies has a neutral Appreciation Score of 45 and a neutral Power Rating of 59, and the Neutral Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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