Ormat Technologies (NYSE: ORA ) reported earnings on Feb. 27. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Ormat Technologies beat expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped. GAAP loss per share grew.
Margins dropped across the board.
Revenue details
Ormat Technologies reported revenue of $116.1 million. The six analysts polled by S&P Capital IQ hoped for sales of $102.1 million on the same basis. GAAP reported sales were 6.2% lower than the prior-year quarter's $123.7 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
EPS came in at -$4.91. The four earnings estimates compiled by S&P Capital IQ anticipated $0.06 per share. GAAP EPS were -$4.91 for Q4 versus -$0.95 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Margin details
For the quarter, gross margin was 19.0%, 770 basis points worse than the prior-year quarter. Operating margin was 7.6%, 640 basis points worse than the prior-year quarter. Net margin was -192.1%, much worse than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $121.1 million. On the bottom line, the average EPS estimate is $0.11.
Next year's average estimate for revenue is $532.8 million. The average EPS estimate is $0.76.
Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 428 members out of 450 rating the stock outperform, and 22 members rating it underperform. Among 87 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 76 give Ormat Technologies a green thumbs-up, and 11 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Ormat Technologies is outperform, with an average price target of $22.75.
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