<p>奧特泰爾（Otter Tail，OTTR）預計年收入增長僅為 3.1%，顯著低於美國市場整體的 10.5%。與此同時，預計每股收益（EPS）在未來三年將下降 10.2%，這與近期負收益增長和淨利潤率從去年的 22.7% 滑落至 21.5% 相一致。投資者正在權衡有利的估值、吸引人的股息以及奧特泰爾強勁的五年平均年收益增長 18.2% 與盈利能力放緩和有限的收入擴張預期之間的關係。</p>
<p>請查看我們對奧特泰爾的完整分析。</p>
<p>下一部分將這些關鍵數字與 Simply Wall St 的主流敍述並列，突出市場預期與數據之間的對齊和分歧之處。</p>
<p>查看社區對奧特泰爾的看法</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 月的納斯達克 GS:OTTR 收益與收入歷史</p>
<h2>未來利潤率面臨嚴重壓縮</h2>
<ul>
<li>分析師預計利潤率將從今天的 21.8% 下降至三年內的 13.9%，這將對奧特泰爾的現金生成能力造成重大打擊。</li>
<li>分析師的共識觀點集中在這一利潤率壓縮的影響上：
<ul>
<li>監管和立法變化，例如可再生能源信貸的逐步淘汰和更嚴格的環境法規，預計將增加運營成本。這可能使奧特泰爾更難維持當前的利潤率水平。</li>
<li>資本支出上升，尤其是 14 億美元的投資管道，增加了高利率影響的風險。這些因素可能會在收入略有增長的情況下減少淨利潤。</li>
</ul>
</li>
<li>共識敍述敦促投資者關注奧特泰爾是否能夠適應新的成本壓力，或者這些逆風是否會壓倒其歷史利潤率的穩定性。</li>
</ul>
<p><strong>📊 閲讀完整的奧特泰爾共識敍述。</strong></p>
<h2>市盈率遠低於行業水平</h2>
<ul>
<li>奧特泰爾的市盈率為 12.3 倍，幾乎是美國電力公用事業行業平均水平 21.6 倍的一半，遠低於同行的 24.9 倍，顯示出顯著的估值折扣。</li>
<li>分析師的共識觀點強調了關於這一低倍數是否反映真實風險或機會的辯論：
<ul>
<li>一些人認為折扣反映了公司盈利能力預期下降，尤其是未來每股收益預計將下降 10.2%。其他人則認為，考慮到奧特泰爾強勁、穩定的歷史收益增長記錄，這一折扣可能誇大了下行風險。</li>
<li>將客户費率維持在低於全國平均水平，以及標準普爾對其作為最低成本投資者擁有的公用事業的認可，支持了奧特泰爾可能展現出韌性的論點，可能挑戰市場的謹慎立場。</li>
</ul>
</li>
</ul>
<h2>資本支出有望重塑增長格局</h2>
<ul>
<li>管理層的 14 億美元資本計劃，主要集中在電網、可再生能源和輸電項目上，支撐了公用事業業務對 9% 複合年收益增長的預期，即使整體利潤預計下降。</li>
<li>分析師的共識觀點對這些大規模投資是否真的能提升股東價值提出了質疑：
<ul>
<li>實現這一增長依賴於成功的費率回收和簽約目前正在談判的大型新公用事業客户。未能獲得這些客户或成本回收的延遲可能會使奧特泰爾面臨資產閒置和額外的債務服務。</li>
<li>在公用事業、製造和塑料領域的多元化歷史上提供了穩定的現金流。這些投資在多大程度上抵消或加劇利潤率壓力將是未來的重要考驗。</li>
</ul>
</li>
</ul>
<h2>下一步</h2>
<p>要查看這些結果如何與長期增長、風險和估值相關，請在 Simply Wall St 上查看奧特泰爾的完整社區敍述。將公司添加到您的關注列表或投資組合中，以便在故事發展時收到提醒。</p>
<p>對數據有獨特見解？在幾分鐘內分享您的觀點，塑造討論：以您的方式進行。</p>
<p>進行奧特泰爾研究的一個良好起點是我們的分析，強調了可能影響您投資決策的三個關鍵獎勵和一個重要警示信號。</p>
<h2>查看其他信息</h2>
<p>奧特泰爾迅速縮小的利潤率和預期的收益下降突顯了依賴於面臨壓縮盈利能力和不確定增長的公司的風險。</p>
<p>如果您想要更穩定的結果，可以使用穩定增長股票篩選器（2082 個結果），專注於那些在市場逆風中始終提供可靠收入和收益表現的企業。</p>
<p><em>本文由 Simply Wall St 撰寫，性質為一般性。<strong>我們基於歷史數據和分析師預測提供評論，僅使用無偏見的方法，我們的文章並不旨在提供財務建議。</strong> 這並不構成購買或出售任何股票的推薦，也未考慮您的目標或財務狀況。我們旨在為您提供以基本數據驅動的長期分析。請注意，我們的分析可能未考慮最新的價格敏感公司公告或定性材料。Simply Wall St 在提到的任何股票中沒有持倉。</em></p>

奧特泰爾

<p>奧特泰爾 (OTTR) 預計每股收益 (EPS) 年均下降 10.2%，而收入 modest 增長 3.1%，顯著落後於美國市場的 10.5%。分析師預測，由於運營成本和資本支出的上升，利潤率將在三年內從 21.8% 降至 13.9%。儘管與行業平均水平相比，市盈率僅為 12.3 倍，但對盈利能力的擔憂依然存在。該公司 14 億美元的資本計劃旨在實現 9% 的收益增長，但成功與否取決於有效的費率回收和客户獲取。建議投資者密切關注這些發展</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>奧特泰爾（Otter Tail，OTTR）預計年收入增長僅為 3.1%，顯著低於美國市場整體的 10.5%。與此同時，預計每股收益（EPS）在未來三年將下降 10.2%，這與近期負收益增長和淨利潤率從去年的 22.7% 滑落至 21.5% 相一致。投資者正在權衡有利的估值、吸引人的股息以及奧特泰爾強勁的五年平均年收益增長 18.2% 與盈利能力放緩和有限的收入擴張預期之間的關係。</p>
</div><p>See our full analysis for Otter Tail.</p>
<div class="lb-trans"><p>請查看我們對奧特泰爾的完整分析。</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>下一部分將這些關鍵數字與 Simply Wall St 的主流敍述並列，突出市場預期與數據之間的對齊和分歧之處。</p>
</div><p>See what the community is saying about Otter Tail</p>
<div class="lb-trans"><p>查看社區對奧特泰爾的看法</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 月的納斯達克 GS:OTTR 收益與收入歷史</p>
</div><h2>Future Margins Face Steep Compression</h2>
<div class="lb-trans"><h2>未來利潤率面臨嚴重壓縮</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>分析師預計利潤率將從今天的 21.8% 下降至三年內的 13.9%，這將對奧特泰爾的現金生成能力造成重大打擊。</li>
<li>分析師的共識觀點集中在這一利潤率壓縮的影響上：
<ul>
<li>監管和立法變化，例如可再生能源信貸的逐步淘汰和更嚴格的環境法規，預計將增加運營成本。這可能使奧特泰爾更難維持當前的利潤率水平。</li>
<li>資本支出上升，尤其是 14 億美元的投資管道，增加了高利率影響的風險。這些因素可能會在收入略有增長的情況下減少淨利潤。</li>
</ul>
</li>
<li>共識敍述敦促投資者關注奧特泰爾是否能夠適應新的成本壓力，或者這些逆風是否會壓倒其歷史利潤率的穩定性。</li>
</ul>
</div><p><strong>📊 Read the full Otter Tail Consensus Narrative.</strong></p>
<div class="lb-trans"><p><strong>📊 閲讀完整的奧特泰爾共識敍述。</strong></p>
</div><h2>PE Ratio Sits Well Below Industry</h2>
<div class="lb-trans"><h2>市盈率遠低於行業水平</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>奧特泰爾的市盈率為 12.3 倍，幾乎是美國電力公用事業行業平均水平 21.6 倍的一半，遠低於同行的 24.9 倍，顯示出顯著的估值折扣。</li>
<li>分析師的共識觀點強調了關於這一低倍數是否反映真實風險或機會的辯論：
<ul>
<li>一些人認為折扣反映了公司盈利能力預期下降，尤其是未來每股收益預計將下降 10.2%。其他人則認為，考慮到奧特泰爾強勁、穩定的歷史收益增長記錄，這一折扣可能誇大了下行風險。</li>
<li>將客户費率維持在低於全國平均水平，以及標準普爾對其作為最低成本投資者擁有的公用事業的認可，支持了奧特泰爾可能展現出韌性的論點，可能挑戰市場的謹慎立場。</li>
</ul>
</li>
</ul>
</div><h2>Capital Spending Poised to Reshape Growth Profile</h2>
<div class="lb-trans"><h2>資本支出有望重塑增長格局</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>管理層的 14 億美元資本計劃，主要集中在電網、可再生能源和輸電項目上，支撐了公用事業業務對 9% 複合年收益增長的預期，即使整體利潤預計下降。</li>
<li>分析師的共識觀點對這些大規模投資是否真的能提升股東價值提出了質疑：
<ul>
<li>實現這一增長依賴於成功的費率回收和簽約目前正在談判的大型新公用事業客户。未能獲得這些客户或成本回收的延遲可能會使奧特泰爾面臨資產閒置和額外的債務服務。</li>
<li>在公用事業、製造和塑料領域的多元化歷史上提供了穩定的現金流。這些投資在多大程度上抵消或加劇利潤率壓力將是未來的重要考驗。</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>要查看這些結果如何與長期增長、風險和估值相關，請在 Simply Wall St 上查看奧特泰爾的完整社區敍述。將公司添加到您的關注列表或投資組合中，以便在故事發展時收到提醒。</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>對數據有獨特見解？在幾分鐘內分享您的觀點，塑造討論：以您的方式進行。</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>進行奧特泰爾研究的一個良好起點是我們的分析，強調了可能影響您投資決策的三個關鍵獎勵和一個重要警示信號。</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>奧特泰爾迅速縮小的利潤率和預期的收益下降突顯了依賴於面臨壓縮盈利能力和不確定增長的公司的風險。</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>如果您想要更穩定的結果，可以使用穩定增長股票篩選器（2082 個結果），專注於那些在市場逆風中始終提供可靠收入和收益表現的企業。</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 撰寫，性質為一般性。<strong>我們基於歷史數據和分析師預測提供評論，僅使用無偏見的方法，我們的文章並不旨在提供財務建議。</strong> 這並不構成購買或出售任何股票的推薦，也未考慮您的目標或財務狀況。我們旨在為您提供以基本數據驅動的長期分析。請注意，我們的分析可能未考慮最新的價格敏感公司公告或定性材料。Simply Wall St 在提到的任何股票中沒有持倉。</em></p>
</div>

奧特泰爾（OTTR）：預計年收益將下降 10.2%，其優質的業績記錄面臨增長放緩的挑戰