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Itron, Inc.

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Itron expects 2016 results to surpass or come in at the high-end of its revenue guidance range of $1.95–$2 billion and earnings per share in the range of $2.20–$2.45. The company remains focused on its restructuring strategy as well as product development and supply chain efficiencies across businesses. Itron anticipates growing through a combination of licensing technology, distribution agreements, partnership arrangements and acquisitions. Further, with the acceleration of smart metering and increasing customer interest in multi-service electric gas and water networks that offer broad IoT applications, Itron is adding high-value projects to its backlog each quarter. The company has a positive record of earnings surprise in recent quarters. Itron shares have charted an impressive trajectory in the last one year, outperforming the Zacks categorized Electrical Test Equipment industry's return over the same time frame.

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