<p>奥特泰尔（Otter Tail，OTTR）预计年收入增长仅为 3.1%，显著低于美国市场整体的 10.5%。与此同时，预计每股收益（EPS）在未来三年将下降 10.2%，这与近期负收益增长和净利润率从去年的 22.7% 滑落至 21.5% 相一致。投资者正在权衡有利的估值、吸引人的股息以及奥特泰尔强劲的五年平均年收益增长 18.2% 与盈利能力放缓和有限的收入扩张预期之间的关系。</p>
<p>请查看我们对奥特泰尔的完整分析。</p>
<p>下一部分将这些关键数字与 Simply Wall St 的主流叙述并列，突出市场预期与数据之间的对齐和分歧之处。</p>
<p>查看社区对奥特泰尔的看法</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/91047cdb-af5a-4630-a8bb-e8a30ed0ec6c/chart/earnings-and-revenue-history?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/91047cdb-af5a-4630-a8bb-e8a30ed0ec6c/chart/earnings-and-revenue-history"/></p>
<p>截至 2025 年 11 月的纳斯达克 GS:OTTR 收益与收入历史</p>
<h2>未来利润率面临严重压缩</h2>
<ul>
<li>分析师预计利润率将从今天的 21.8% 下降至三年内的 13.9%，这将对奥特泰尔的现金生成能力造成重大打击。</li>
<li>分析师的共识观点集中在这一利润率压缩的影响上：
<ul>
<li>监管和立法变化，例如可再生能源信贷的逐步淘汰和更严格的环境法规，预计将增加运营成本。这可能使奥特泰尔更难维持当前的利润率水平。</li>
<li>资本支出上升，尤其是 14 亿美元的投资管道，增加了高利率影响的风险。这些因素可能会在收入略有增长的情况下减少净利润。</li>
</ul>
</li>
<li>共识叙述敦促投资者关注奥特泰尔是否能够适应新的成本压力，或者这些逆风是否会压倒其历史利润率的稳定性。</li>
</ul>
<p><strong>📊 阅读完整的奥特泰尔共识叙述。</strong></p>
<h2>市盈率远低于行业水平</h2>
<ul>
<li>奥特泰尔的市盈率为 12.3 倍，几乎是美国电力公用事业行业平均水平 21.6 倍的一半，远低于同行的 24.9 倍，显示出显著的估值折扣。</li>
<li>分析师的共识观点强调了关于这一低倍数是否反映真实风险或机会的辩论：
<ul>
<li>一些人认为折扣反映了公司盈利能力预期下降，尤其是未来每股收益预计将下降 10.2%。其他人则认为，考虑到奥特泰尔强劲、稳定的历史收益增长记录，这一折扣可能夸大了下行风险。</li>
<li>将客户费率维持在低于全国平均水平，以及标准普尔对其作为最低成本投资者拥有的公用事业的认可，支持了奥特泰尔可能展现出韧性的论点，可能挑战市场的谨慎立场。</li>
</ul>
</li>
</ul>
<h2>资本支出有望重塑增长格局</h2>
<ul>
<li>管理层的 14 亿美元资本计划，主要集中在电网、可再生能源和输电项目上，支撑了公用事业业务对 9% 复合年收益增长的预期，即使整体利润预计下降。</li>
<li>分析师的共识观点对这些大规模投资是否真的能提升股东价值提出了质疑：
<ul>
<li>实现这一增长依赖于成功的费率回收和签约目前正在谈判的大型新公用事业客户。未能获得这些客户或成本回收的延迟可能会使奥特泰尔面临资产闲置和额外的债务服务。</li>
<li>在公用事业、制造和塑料领域的多元化历史上提供了稳定的现金流。这些投资在多大程度上抵消或加剧利润率压力将是未来的重要考验。</li>
</ul>
</li>
</ul>
<h2>下一步</h2>
<p>要查看这些结果如何与长期增长、风险和估值相关，请在 Simply Wall St 上查看奥特泰尔的完整社区叙述。将公司添加到您的关注列表或投资组合中，以便在故事发展时收到提醒。</p>
<p>对数据有独特见解？在几分钟内分享您的观点，塑造讨论：以您的方式进行。</p>
<p>进行奥特泰尔研究的一个良好起点是我们的分析，强调了可能影响您投资决策的三个关键奖励和一个重要警示信号。</p>
<h2>查看其他信息</h2>
<p>奥特泰尔迅速缩小的利润率和预期的收益下降突显了依赖于面临压缩盈利能力和不确定增长的公司的风险。</p>
<p>如果您想要更稳定的结果，可以使用稳定增长股票筛选器（2082 个结果），专注于那些在市场逆风中始终提供可靠收入和收益表现的企业。</p>
<p><em>本文由 Simply Wall St 撰写，性质为一般性。<strong>我们基于历史数据和分析师预测提供评论，仅使用无偏见的方法，我们的文章并不旨在提供财务建议。</strong> 这并不构成购买或出售任何股票的推荐，也未考虑您的目标或财务状况。我们旨在为您提供以基本数据驱动的长期分析。请注意，我们的分析可能未考虑最新的价格敏感公司公告或定性材料。Simply Wall St 在提到的任何股票中没有持仓。</em></p>

奥特泰尔

<p>奥特泰尔 (OTTR) 预计每股收益 (EPS) 年均下降 10.2%，而收入 modest 增长 3.1%，显著落后于美国市场的 10.5%。分析师预测，由于运营成本和资本支出的上升，利润率将在三年内从 21.8% 降至 13.9%。尽管与行业平均水平相比，市盈率仅为 12.3 倍，但对盈利能力的担忧依然存在。该公司 14 亿美元的资本计划旨在实现 9% 的收益增长，但成功与否取决于有效的费率回收和客户获取。建议投资者密切关注这些发展</p>

<p>Otter Tail (OTTR) is forecasting revenue growth of just 3.1% per year, notably below the broader US market’s 10.5% rate. Meanwhile, EPS is expected to decline by 10.2% per year over the next three years, following a recent period of negative earnings growth and a slip in net profit margins to 21.5% from last year’s 22.7%. Investors are weighing a favorable valuation, appealing dividend, and Otter Tail’s strong five-year average earnings growth of 18.2% annually against the expectation of slowing profitability and limited top-line expansion.</p>
<div class="lb-trans"><p>奥特泰尔（Otter Tail，OTTR）预计年收入增长仅为 3.1%，显著低于美国市场整体的 10.5%。与此同时，预计每股收益（EPS）在未来三年将下降 10.2%，这与近期负收益增长和净利润率从去年的 22.7% 滑落至 21.5% 相一致。投资者正在权衡有利的估值、吸引人的股息以及奥特泰尔强劲的五年平均年收益增长 18.2% 与盈利能力放缓和有限的收入扩张预期之间的关系。</p>
</div><p>See our full analysis for Otter Tail.</p>
<div class="lb-trans"><p>请查看我们对奥特泰尔的完整分析。</p>
</div><p>The next section puts these headline numbers side by side with the prevailing narrative at Simply Wall St, highlighting where the market’s expectations and the data align and where they diverge.</p>
<div class="lb-trans"><p>下一部分将这些关键数字与 Simply Wall St 的主流叙述并列，突出市场预期与数据之间的对齐和分歧之处。</p>
</div><p>See what the community is saying about Otter Tail</p>
<div class="lb-trans"><p>查看社区对奥特泰尔的看法</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/91047cdb-af5a-4630-a8bb-e8a30ed0ec6c/chart/earnings-and-revenue-history" alt="" original-src="https://images.simplywall.st/company/91047cdb-af5a-4630-a8bb-e8a30ed0ec6c/chart/earnings-and-revenue-history"/></p>
<p>NasdaqGS:OTTR Earnings &amp; Revenue History as at Nov 2025</p>
<div class="lb-trans"><p>截至 2025 年 11 月的纳斯达克 GS:OTTR 收益与收入历史</p>
</div><h2>Future Margins Face Steep Compression</h2>
<div class="lb-trans"><h2>未来利润率面临严重压缩</h2>
</div><ul>
<li>Analysts see profit margins falling from 21.8% today to just 13.9% within three years, which would mark a significant hit to Otter Tail's cash-generating power.</li>
<li>Analysts' consensus view centers on how this margin squeeze plays out:
<ul>
<li>Regulatory and legislative changes, such as phaseouts of renewable energy credits and tougher environmental rules, are expected to increase operating costs. This may make it more difficult for Otter Tail to maintain current margin levels.</li>
<li>Rising capital expenditures, especially with a $1.4 billion investment pipeline, create a risk of amplifying the impact of higher interest rates. These factors could reduce net profits even if revenues grow slightly.</li>
</ul>
</li>
<li>The consensus narrative urges investors to watch whether Otter Tail can adapt to new cost pressures or if these headwinds will overwhelm its historical margin stability.</li>
</ul>
<div class="lb-trans"><ul>
<li>分析师预计利润率将从今天的 21.8% 下降至三年内的 13.9%，这将对奥特泰尔的现金生成能力造成重大打击。</li>
<li>分析师的共识观点集中在这一利润率压缩的影响上：
<ul>
<li>监管和立法变化，例如可再生能源信贷的逐步淘汰和更严格的环境法规，预计将增加运营成本。这可能使奥特泰尔更难维持当前的利润率水平。</li>
<li>资本支出上升，尤其是 14 亿美元的投资管道，增加了高利率影响的风险。这些因素可能会在收入略有增长的情况下减少净利润。</li>
</ul>
</li>
<li>共识叙述敦促投资者关注奥特泰尔是否能够适应新的成本压力，或者这些逆风是否会压倒其历史利润率的稳定性。</li>
</ul>
</div><p><strong>📊 Read the full Otter Tail Consensus Narrative.</strong></p>
<div class="lb-trans"><p><strong>📊 阅读完整的奥特泰尔共识叙述。</strong></p>
</div><h2>PE Ratio Sits Well Below Industry</h2>
<div class="lb-trans"><h2>市盈率远低于行业水平</h2>
</div><ul>
<li>Otter Tail’s PE ratio of 12.3x is almost half the US electric utilities industry average of 21.6x and far below peers at 24.9x, flagging a valuation discount that stands out.</li>
<li>Analysts' consensus view highlights a debate about whether this low multiple reflects a real risk or an opportunity:
<ul>
<li>Some see the discount as pricing in the company’s shrinking profitability forecast, especially since future EPS is expected to decline by 10.2% per year. Others argue it overstates the downside given Otter Tail’s track record of strong, stable historical earnings growth.</li>
<li>Maintaining customer rates below the national average and S&amp;P recognition as the lowest-cost investor-owned utility supports the argument that Otter Tail could prove resilient, potentially challenging the market’s cautious stance.</li>
</ul>
</li>
</ul>
<div class="lb-trans"><ul>
<li>奥特泰尔的市盈率为 12.3 倍，几乎是美国电力公用事业行业平均水平 21.6 倍的一半，远低于同行的 24.9 倍，显示出显著的估值折扣。</li>
<li>分析师的共识观点强调了关于这一低倍数是否反映真实风险或机会的辩论：
<ul>
<li>一些人认为折扣反映了公司盈利能力预期下降，尤其是未来每股收益预计将下降 10.2%。其他人则认为，考虑到奥特泰尔强劲、稳定的历史收益增长记录，这一折扣可能夸大了下行风险。</li>
<li>将客户费率维持在低于全国平均水平，以及标准普尔对其作为最低成本投资者拥有的公用事业的认可，支持了奥特泰尔可能展现出韧性的论点，可能挑战市场的谨慎立场。</li>
</ul>
</li>
</ul>
</div><h2>Capital Spending Poised to Reshape Growth Profile</h2>
<div class="lb-trans"><h2>资本支出有望重塑增长格局</h2>
</div><ul>
<li>Management’s $1.4 billion capital plan, focused largely on grid, renewable, and transmission projects, underpins the utility business’s expectation of 9% compounded annual earnings growth even as overall profit is expected to fall.</li>
<li>Analysts' consensus view raises questions on whether these large investments will actually boost shareholder value:
<ul>
<li>Delivering on this growth depends on successful rate recovery and the ability to sign up large new utility customers currently under negotiation. Failing to land these customers or delays in cost recovery could leave Otter Tail with underutilized assets and extra debt service.</li>
<li>Diversification across utilities, manufacturing, and plastics has historically delivered stable cash flows. The degree to which these investments offset or exacerbate margin pressures will be an important test going forward.</li>
</ul>
</li>
</ul>
<div class="lb-trans"><ul>
<li>管理层的 14 亿美元资本计划，主要集中在电网、可再生能源和输电项目上，支撑了公用事业业务对 9% 复合年收益增长的预期，即使整体利润预计下降。</li>
<li>分析师的共识观点对这些大规模投资是否真的能提升股东价值提出了质疑：
<ul>
<li>实现这一增长依赖于成功的费率回收和签约目前正在谈判的大型新公用事业客户。未能获得这些客户或成本回收的延迟可能会使奥特泰尔面临资产闲置和额外的债务服务。</li>
<li>在公用事业、制造和塑料领域的多元化历史上提供了稳定的现金流。这些投资在多大程度上抵消或加剧利润率压力将是未来的重要考验。</li>
</ul>
</li>
</ul>
</div><h2>Next Steps</h2>
<div class="lb-trans"><h2>下一步</h2>
</div><p>To see how these results tie into long-term growth, risks, and valuation, check out the full range of community narratives for Otter Tail on Simply Wall St. Add the company to your watchlist or portfolio so you'll be alerted when the story evolves.</p>
<div class="lb-trans"><p>要查看这些结果如何与长期增长、风险和估值相关，请在 Simply Wall St 上查看奥特泰尔的完整社区叙述。将公司添加到您的关注列表或投资组合中，以便在故事发展时收到提醒。</p>
</div><p>Have a unique take on the data? Share your perspective in just a few minutes and shape the conversation: Do it your way.</p>
<div class="lb-trans"><p>对数据有独特见解？在几分钟内分享您的观点，塑造讨论：以您的方式进行。</p>
</div><p>A great starting point for your Otter Tail research is our analysis highlighting 3 key rewards and 1 important warning sign that could impact your investment decision.</p>
<div class="lb-trans"><p>进行奥特泰尔研究的一个良好起点是我们的分析，强调了可能影响您投资决策的三个关键奖励和一个重要警示信号。</p>
</div><h2>See What Else Is Out There</h2>
<div class="lb-trans"><h2>查看其他信息</h2>
</div><p>Otter Tail’s rapidly shrinking profit margins and expected earnings decline highlight the risks of relying on companies facing compressed profitability and uncertain growth.</p>
<div class="lb-trans"><p>奥特泰尔迅速缩小的利润率和预期的收益下降突显了依赖于面临压缩盈利能力和不确定增长的公司的风险。</p>
</div><p>If you want steadier results, use stable growth stocks screener (2082 results) to focus on businesses that have consistently delivered reliable revenue and earnings performance, regardless of market headwinds.</p>
<div class="lb-trans"><p>如果您想要更稳定的结果，可以使用稳定增长股票筛选器（2082 个结果），专注于那些在市场逆风中始终提供可靠收入和收益表现的企业。</p>
</div><p><em>This article by Simply Wall St is general in nature. <strong>We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.</strong> It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.</em></p>
<div class="lb-trans"><p><em>本文由 Simply Wall St 撰写，性质为一般性。<strong>我们基于历史数据和分析师预测提供评论，仅使用无偏见的方法，我们的文章并不旨在提供财务建议。</strong> 这并不构成购买或出售任何股票的推荐，也未考虑您的目标或财务状况。我们旨在为您提供以基本数据驱动的长期分析。请注意，我们的分析可能未考虑最新的价格敏感公司公告或定性材料。Simply Wall St 在提到的任何股票中没有持仓。</em></p>
</div>

奥特泰尔（OTTR）：预计年收益将下降 10.2%，其优质的业绩记录面临增长放缓的挑战