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Itron (ITRI) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
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Itron (ITRI - Free Report) reported $577.17 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 23.5%. EPS of $1.23 for the same period compares to $0.71 a year ago.
The reported revenue represents a surprise of +1.12% over the Zacks Consensus Estimate of $570.77 million. With the consensus EPS estimate being $0.75, the EPS surprise was +64.00%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Itron performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Product Revenue- Device Solutions: $112.62 million compared to the $108.59 million average estimate based on two analysts.
Product Revenue- Networked Solutions: $366.64 million versus $353.19 million estimated by two analysts on average.
Product Revenue- Outcomes: $22.75 million versus $26.47 million estimated by two analysts on average.
Revenue- Total Service Revenue: $75.17 million versus the two-analyst average estimate of $81.81 million.
Service Revenue- Device Solutions: $0.92 million compared to the $0.93 million average estimate based on two analysts.
Service Revenue- Networked Solutions: $24.29 million versus $33.91 million estimated by two analysts on average.
Service Revenue- Outcomes: $49.96 million compared to the $46.97 million average estimate based on two analysts.
Revenue- Total Product Revenue: $502.01 million versus $488.24 million estimated by two analysts on average.
Gross Profit- Device Solutions: $30.57 million versus $23.54 million estimated by two analysts on average.
Gross Profit- Outcomes: $28.95 million versus the two-analyst average estimate of $31.28 million.
Gross Profit- Networked Solutions: $136.87 million versus the two-analyst average estimate of $128.78 million.
Shares of Itron have returned +1.4% over the past month versus the Zacks S&P 500 composite's +4.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Itron (ITRI) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
Itron (ITRI - Free Report) reported $577.17 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 23.5%. EPS of $1.23 for the same period compares to $0.71 a year ago.
The reported revenue represents a surprise of +1.12% over the Zacks Consensus Estimate of $570.77 million. With the consensus EPS estimate being $0.75, the EPS surprise was +64.00%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Itron performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Product Revenue- Device Solutions: $112.62 million compared to the $108.59 million average estimate based on two analysts.
- Product Revenue- Networked Solutions: $366.64 million versus $353.19 million estimated by two analysts on average.
- Product Revenue- Outcomes: $22.75 million versus $26.47 million estimated by two analysts on average.
- Revenue- Total Service Revenue: $75.17 million versus the two-analyst average estimate of $81.81 million.
- Service Revenue- Device Solutions: $0.92 million compared to the $0.93 million average estimate based on two analysts.
- Service Revenue- Networked Solutions: $24.29 million versus $33.91 million estimated by two analysts on average.
- Service Revenue- Outcomes: $49.96 million compared to the $46.97 million average estimate based on two analysts.
- Revenue- Total Product Revenue: $502.01 million versus $488.24 million estimated by two analysts on average.
- Gross Profit- Device Solutions: $30.57 million versus $23.54 million estimated by two analysts on average.
- Gross Profit- Outcomes: $28.95 million versus the two-analyst average estimate of $31.28 million.
- Gross Profit- Networked Solutions: $136.87 million versus the two-analyst average estimate of $128.78 million.
View all Key Company Metrics for Itron here>>>Shares of Itron have returned +1.4% over the past month versus the Zacks S&P 500 composite's +4.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.