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Why Itron (ITRI) Could Beat Earnings Estimates Again
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Looking for a stock that might be in a good position to beat earnings at its next report? Consider Itron, Inc. (ITRI - Free Report) , a firm in the Electronics Testing Equipment space, which could be a great candidate for another beat.
This company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. In fact, in these reports, ITRI has beaten estimates by at least 20% in both cases, suggesting it has a nice short-term history of crushing expectations.
Earnings in Focus
Two quarters ago, ITRI expected to post earnings of 40 cents per share, while it actually produced earnings of 65 cents per share, a beat of 62.5%. Meanwhile, for the most recent quarter, the company looked to deliver earnings of 63 cents per share, when it actually produced earnings of 77 cents per share, a beat of 22.20%.
Thanks in part to this history, recent estimates have been moving higher for Itron. In fact, the Earnings ESP for ITRI is positive, which is a great sign of a coming beat.
After all, the Zacks Earnings ESP compares the most accurate estimate to the broad consensus, looking to find stocks that have seen big revisions as of late, suggesting that analysts have recently become more bullish on the company’s earnings prospects. This is the case for ITRI, as the firm currently has a Zacks Earnings ESP of 5.26%, so another beat could be around the corner.
This is particularly true when you consider that ITRI has a great Zacks Rank #1 (Strong Buy) which can be a harbinger of outperformance and a signal for a strong earnings profile. You can see the complete list of today’s Zacks #1 Rank stocks here.
When you add this solid Zacks Rank to a positive Earnings ESP, a positive earnings surprise happens nearly 70% of the time, so it seems pretty likely that ITRI could see another beat at its next report, especially if recent trends are any guide.
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Why Itron (ITRI) Could Beat Earnings Estimates Again
Looking for a stock that might be in a good position to beat earnings at its next report? Consider Itron, Inc. (ITRI - Free Report) , a firm in the Electronics Testing Equipment space, which could be a great candidate for another beat.
This company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. In fact, in these reports, ITRI has beaten estimates by at least 20% in both cases, suggesting it has a nice short-term history of crushing expectations.
Earnings in Focus
Two quarters ago, ITRI expected to post earnings of 40 cents per share, while it actually produced earnings of 65 cents per share, a beat of 62.5%. Meanwhile, for the most recent quarter, the company looked to deliver earnings of 63 cents per share, when it actually produced earnings of 77 cents per share, a beat of 22.20%.
ITRON INC Price, Consensus and EPS Surprise
ITRON INC Price, Consensus and EPS Surprise | ITRON INC Quote
Thanks in part to this history, recent estimates have been moving higher for Itron. In fact, the Earnings ESP for ITRI is positive, which is a great sign of a coming beat.
After all, the Zacks Earnings ESP compares the most accurate estimate to the broad consensus, looking to find stocks that have seen big revisions as of late, suggesting that analysts have recently become more bullish on the company’s earnings prospects. This is the case for ITRI, as the firm currently has a Zacks Earnings ESP of 5.26%, so another beat could be around the corner.
This is particularly true when you consider that ITRI has a great Zacks Rank #1 (Strong Buy) which can be a harbinger of outperformance and a signal for a strong earnings profile. You can see the complete list of today’s Zacks #1 Rank stocks here.
When you add this solid Zacks Rank to a positive Earnings ESP, a positive earnings surprise happens nearly 70% of the time, so it seems pretty likely that ITRI could see another beat at its next report, especially if recent trends are any guide.
The Best Place to Start Your Stock Search
Today, you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 ""Strong Buy"" stocks – absolutely free of charge. Since 1988, Zacks Rank #1 stocks have nearly tripled the market, with average gains of +26% per year. Plus, you can access the list of portfolio-killing Zacks Rank #5 ""Strong Sells"" and other private research. See these stocks free >>