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Itron (ITRI) Expands Engage Partner Program to APAC Region
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Itron (ITRI - Free Report) has launched the Itron Engage Sales Channel Partner Program in the Asia Pacific (APAC) region, which provides utilities and municipalities with tools, training and support for Itron’s solutions.
The program is aimed at improving energy and water management capabilities and client support for Itron’s sales channel partners.
It also provides partners with access to Itron University, which is a comprehensive online training program to ensure that partners properly comprehend the breadth and depth of the Itron portfolio.
The company is also used by utilities and municipalities in North America and Europe, the Middle East and Africa.
Itron’s device solutions business segment has a wide array of standard gas meters, electricity IEC meters, water meters and communicating meters. The company plans to leverage its portfolio to expand its global presence in the utility sector with several collaborations.
Recently, Itron and its partner United Systems & Software collaborated with Sevier County Utility District (“SCUD”) to roll out ITRI’s meter data collection and management solution across SCUD’s gas district in Tennessee.
Itron will help SCUD to serve reliable gas services to its 15,000-customer gas district in east Tennessee.
Prior to that, Temetra was leveraged by Australia-based Energy Queensland to read meters for its 2.3 million strong user base across rural and urban locations. Temetra will aid in optimizing operations and enhancing route optimization and meter reading efficiencies for Energy Queensland.
Itron reported first-quarter 2022 non-GAAP earnings of 11 cents per share, which surpassed the Zacks Consensus Estimate by 22.2%. The bottom line decreased 78.9% year over year. Revenues were $475.3 million, which lagged the Zacks Consensus Estimate by 1.8%. Further, the top line declined 9% year over year.
The decline in the top line was attributed to component constraints, which offset robust customer demand. Sluggishness in the company’s Device Solutions and Networked Solutions segment was a major concern.
For the second quarter, the Zacks Consensus Estimate for revenues stands at $494.4 million, up 1% year over year. However, the consensus mark for earnings is pegged at 22 cents per share, down 21.4% year over year.
Itron currently has a Zacks Rank #3 (Hold). Shares of ITRI have lost 48.1% compared with the industry’s decline of 23.1% in the past year.
The Zacks Consensus Estimate for Aspen Technology’s 2022 earnings is pegged at $5.49 per share, increasing 0.4% in the past 60 days. The long-term earnings growth rate is anticipated to be 16.3%.
Aspen Technology’s earnings beat the Zacks Consensus Estimate in the last four quarters, the average being 4.1%. Shares of AZPN have soared 24.2% in the past year.
The Zacks Consensus Estimate for Synopsys 2022 earnings is pegged at $8.67 per share, unchanged in the past 60 days. The long-term earnings growth rate is anticipated to be 19.6%.
Synopsys earnings beat the Zacks Consensus Estimate in the last four quarters, the average being 2.7%. Shares of SNPS have jumped 16.4% in the past year.
The Zacks Consensus Estimate for Broadcom’s fiscal 2022 earnings is pegged at $37.06 per share, up 3.9% in the past 60 days. AVGO’s expected long-term earnings growth rate is 14.5%.
Broadcom’s earnings beat the Zacks Consensus Estimate in all the preceding four quarters, with the average being 2.2%. Shares of AVGO have gained 8.6% in the past year.
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Itron (ITRI) Expands Engage Partner Program to APAC Region
Itron (ITRI - Free Report) has launched the Itron Engage Sales Channel Partner Program in the Asia Pacific (APAC) region, which provides utilities and municipalities with tools, training and support for Itron’s solutions.
The program is aimed at improving energy and water management capabilities and client support for Itron’s sales channel partners.
Itron, Inc. Price and Consensus
Itron, Inc. price-consensus-chart | Itron, Inc. Quote
It also provides partners with access to Itron University, which is a comprehensive online training program to ensure that partners properly comprehend the breadth and depth of the Itron portfolio.
The company is also used by utilities and municipalities in North America and Europe, the Middle East and Africa.
Itron’s device solutions business segment has a wide array of standard gas meters, electricity IEC meters, water meters and communicating meters. The company plans to leverage its portfolio to expand its global presence in the utility sector with several collaborations.
Recently, Itron and its partner United Systems & Software collaborated with Sevier County Utility District (“SCUD”) to roll out ITRI’s meter data collection and management solution across SCUD’s gas district in Tennessee.
Itron will help SCUD to serve reliable gas services to its 15,000-customer gas district in east Tennessee.
Prior to that, Temetra was leveraged by Australia-based Energy Queensland to read meters for its 2.3 million strong user base across rural and urban locations. Temetra will aid in optimizing operations and enhancing route optimization and meter reading efficiencies for Energy Queensland.
Itron reported first-quarter 2022 non-GAAP earnings of 11 cents per share, which surpassed the Zacks Consensus Estimate by 22.2%. The bottom line decreased 78.9% year over year. Revenues were $475.3 million, which lagged the Zacks Consensus Estimate by 1.8%. Further, the top line declined 9% year over year.
The decline in the top line was attributed to component constraints, which offset robust customer demand. Sluggishness in the company’s Device Solutions and Networked Solutions segment was a major concern.
For the second quarter, the Zacks Consensus Estimate for revenues stands at $494.4 million, up 1% year over year. However, the consensus mark for earnings is pegged at 22 cents per share, down 21.4% year over year.
Itron currently has a Zacks Rank #3 (Hold). Shares of ITRI have lost 48.1% compared with the industry’s decline of 23.1% in the past year.
Image Source: Zacks Investment Research
Stocks to Consider
Some better-ranked stocks from the broader technology space are Aspen Technology (AZPN - Free Report) , Synopsys (SNPS - Free Report) and Broadcom (AVGO - Free Report) . Broadcom sports a Zacks Rank #1 (Strong Buy) whereas Aspen Technology and Synopsys carry a Zacks Rank #2 (Buy).You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Aspen Technology’s 2022 earnings is pegged at $5.49 per share, increasing 0.4% in the past 60 days. The long-term earnings growth rate is anticipated to be 16.3%.
Aspen Technology’s earnings beat the Zacks Consensus Estimate in the last four quarters, the average being 4.1%. Shares of AZPN have soared 24.2% in the past year.
The Zacks Consensus Estimate for Synopsys 2022 earnings is pegged at $8.67 per share, unchanged in the past 60 days. The long-term earnings growth rate is anticipated to be 19.6%.
Synopsys earnings beat the Zacks Consensus Estimate in the last four quarters, the average being 2.7%. Shares of SNPS have jumped 16.4% in the past year.
The Zacks Consensus Estimate for Broadcom’s fiscal 2022 earnings is pegged at $37.06 per share, up 3.9% in the past 60 days. AVGO’s expected long-term earnings growth rate is 14.5%.
Broadcom’s earnings beat the Zacks Consensus Estimate in all the preceding four quarters, with the average being 2.2%. Shares of AVGO have gained 8.6% in the past year.