We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Itron (ITRI) Dips More Than Broader Market: What You Should Know
Read MoreHide Full Article
In the latest trading session, Itron (ITRI - Free Report) closed at $101.24, marking a -1.85% move from the previous day. This change lagged the S&P 500's 0.05% loss on the day. On the other hand, the Dow registered a loss of 0.02%, and the technology-centric Nasdaq increased by 0.18%.
Heading into today, shares of the energy and water meter company had lost 3.8% over the past month, lagging the Computer and Technology sector's gain of 3.5% and the S&P 500's gain of 2.76% in that time.
The investment community will be closely monitoring the performance of Itron in its forthcoming earnings report. The company is scheduled to release its earnings on October 31, 2024. The company's upcoming EPS is projected at $1.13, signifying a 15.31% increase compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $596.21 million, indicating a 6.32% growth compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $4.58 per share and a revenue of $2.41 billion, indicating changes of +36.31% and +10.73%, respectively, from the former year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Itron. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.15% decrease. Itron is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, Itron is holding a Forward P/E ratio of 22.52. For comparison, its industry has an average Forward P/E of 25.57, which means Itron is trading at a discount to the group.
We can additionally observe that ITRI currently boasts a PEG ratio of 0.87. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. By the end of yesterday's trading, the Electronics - Testing Equipment industry had an average PEG ratio of 2.58.
The Electronics - Testing Equipment industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 173, positioning it in the bottom 32% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Itron (ITRI) Dips More Than Broader Market: What You Should Know
In the latest trading session, Itron (ITRI - Free Report) closed at $101.24, marking a -1.85% move from the previous day. This change lagged the S&P 500's 0.05% loss on the day. On the other hand, the Dow registered a loss of 0.02%, and the technology-centric Nasdaq increased by 0.18%.
Heading into today, shares of the energy and water meter company had lost 3.8% over the past month, lagging the Computer and Technology sector's gain of 3.5% and the S&P 500's gain of 2.76% in that time.
The investment community will be closely monitoring the performance of Itron in its forthcoming earnings report. The company is scheduled to release its earnings on October 31, 2024. The company's upcoming EPS is projected at $1.13, signifying a 15.31% increase compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $596.21 million, indicating a 6.32% growth compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $4.58 per share and a revenue of $2.41 billion, indicating changes of +36.31% and +10.73%, respectively, from the former year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Itron. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.15% decrease. Itron is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, Itron is holding a Forward P/E ratio of 22.52. For comparison, its industry has an average Forward P/E of 25.57, which means Itron is trading at a discount to the group.
We can additionally observe that ITRI currently boasts a PEG ratio of 0.87. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. By the end of yesterday's trading, the Electronics - Testing Equipment industry had an average PEG ratio of 2.58.
The Electronics - Testing Equipment industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 173, positioning it in the bottom 32% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.