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Highest Projected Earnings Growth in the Electric Utilities Industry Detected in Shares of Otter Tail Corp (OTTR, NEE, HE, ALE, EE)

By Shiri Gupta

Below are the three companies in the Electric Utilities industry with the highest projected earnings growth. The growth of earnings per share (current fiscal year estimated vs. last year actual) is important to gauge future profitability and relative value. Higher EPS growth generally justifies higher earnings multiples.

Otter Tail Corp ranks highest with a projected earnings growth of 22.5%. Following is Nextera Energy with a projected earnings growth of 15.4%. Hawaiian Elec ranks third highest with a projected earnings growth of 14.9%.

Allete Inc follows with a projected earnings growth of 6.8%, and El Paso Electric rounds out the top five with a projected earnings growth of 6.4%.

SmarTrend is monitoring the recent change of momentum in Hawaiian Elec. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Hawaiian Elec in search of a potential trend change.

Keywords: highest projected earnings growth otter tail corp nextera energy hawaiian elec allete inc el paso electric

Ticker(s): OTTR NEE HE ALE EE