Tag Archives: otter tail

Otter Tail (OTTR) Holding Up Despite Awful Earnings, Optimistic About Wind Energy

Here are the lowlights for the Otter Tail (OTTR) quarter.  The company reports an EPS of .07/share, missing estimates by .04/share and under performing from the year ago quarter by 36%.  Revenues missed estimates badly as well coming in at $247 million vs the estimates of $304 million and representing a 24% drop from the year ago quarter.  To top it off, the company is lowering guidance for 2009 to .70 – 1.10 from .80 … Read the rest

Otter Tail (OTTR) Misses Estimates & Guides Lower

Bill Gates continues to get hammered by the OTTR.  As a significant owner of the stock (he recently added more), he’s getting hit again today after Otter Tail (OTTR) missed estimates and guided lower for next year.  The company reported 4Q EPS of .38/share which missed estimates of .45/share, a 17% drop over the year ago quarter and the 4th straight quarter of negative growth.  The company also missed on revenues, reporting $334 million vs … Read the rest

Upgrades: Otter Tail (OTTR) & VeraSun Energy (VSE)

2 upgrades to  tell you about this morning – Citi upgraded VeraSun (VSE) from Sell to Hold but lowered the price target from 3 to 1.85, saying “The difficulties in 3Q08 are primarily related to the company’s corn hedging activities as VeraSun chose to lock in significant quantities of corn back in July when the corn market was reaching its peak. Consequently, as corn prices quickly reversed course VeraSun generated large losses on its corn … Read the rest