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Itron's (ITRI) AMI Solution Gets Leveraged by Coopesantos R.L.
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Itron (ITRI - Free Report) announced a partnership with Los Santos Rural Electrification Cooperative (Coopesantos R.L.) in Costa Rica.
Coopesantos R.L. has achieved a milestone by fully implementing Itron’s Advanced Metering Infrastructure (AMI) network. One of the four electric cooperatives in Costa Rica, it is committed to enhancing community well-being and has become the first rural electrifier in Costa Rica and Central America to complete this project.
Over a five-year period, the project integrated Itron’s distributed intelligence (DI)-enabled AMI solution with Coopesantos R.L.’s customer information system and installed more than 50,000 Itron smart electricity meters. This upgrade equips Coopesantos R.L. with grid edge intelligence, enhancing visibility and modernizing its electrical grid.
The full Itron AMI solution offers benefits such as power outage alerts, reducing carbon footprint through remote meter readings and updates, and increased client satisfaction by detecting changes in energy usage patterns and technical irregularities.
Itron is a technology and services company. It is one of the leading global suppliers of a wide range of standard, advanced, and smart meters and meter communication systems, including networks and communication modules, software, devices, sensors, data analytics and services to the utility and municipal sectors.
Itron recently reported fourth-quarter 2023 results, wherein non-GAAP earnings per share (EPS) of $1.23 surpassed the Zacks Consensus Estimate by 64%. The company reported EPS of 71 cents in the prior-year quarter.
Revenues totaled $577.2 million, which beat the Zacks Consensus Estimate by 1.1%. The top line also improved 23% year over year. The outperformance was driven by strong operational execution and easing of supply-chain issues.
For the first quarter of 2024, ITRI expects revenues to be between $575 million and $585 million. Non-GAAP EPS is anticipated in the range of 80-90 cents. For 2024, management projects revenues to be between $2.275 billion and $2.375 billion. Non-GAAP EPS is estimated in the band of $3.40-$3.80.
The Zacks Consensus Estimate for Synopsys’ 2024 EPS has improved 1.1% in the past 60 days to $13.56. SNPS’ long-term earnings growth rate is 17.5%.
Synopsys’ earnings surpassed the Zacks Consensus Estimate in each of the last four quarters, delivering an average surprise of 4.1%. Shares of SNPS have risen 59.9% in the past year.
The Zacks Consensus Estimate for Woodward’s fiscal 2024 EPS has inched up 5.7% in the past 60 days to $5.27. WWD’s long-term earnings growth rate is 15.5%.
Woodward’s earnings beat the Zacks Consensus Estimate in each of the last four quarters, delivering an average surprise of 27.2%. Shares of WWD have risen 57.9% in the past year.
The Zacks Consensus Estimate for Perion Network’s fiscal 2024 EPS has improved 0.6% in the past 60 days to $3.34. PERI’s long-term earnings growth rate is 22%.
The company’s earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average surprise of 12.9%. Shares of PERI have lost 34.7% in the past year.
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Itron's (ITRI) AMI Solution Gets Leveraged by Coopesantos R.L.
Itron (ITRI - Free Report) announced a partnership with Los Santos Rural Electrification Cooperative (Coopesantos R.L.) in Costa Rica.
Coopesantos R.L. has achieved a milestone by fully implementing Itron’s Advanced Metering Infrastructure (AMI) network. One of the four electric cooperatives in Costa Rica, it is committed to enhancing community well-being and has become the first rural electrifier in Costa Rica and Central America to complete this project.
Over a five-year period, the project integrated Itron’s distributed intelligence (DI)-enabled AMI solution with Coopesantos R.L.’s customer information system and installed more than 50,000 Itron smart electricity meters. This upgrade equips Coopesantos R.L. with grid edge intelligence, enhancing visibility and modernizing its electrical grid.
Itron, Inc. Price and Consensus
Itron, Inc. price-consensus-chart | Itron, Inc. Quote
The full Itron AMI solution offers benefits such as power outage alerts, reducing carbon footprint through remote meter readings and updates, and increased client satisfaction by detecting changes in energy usage patterns and technical irregularities.
Itron is a technology and services company. It is one of the leading global suppliers of a wide range of standard, advanced, and smart meters and meter communication systems, including networks and communication modules, software, devices, sensors, data analytics and services to the utility and municipal sectors.
Itron recently reported fourth-quarter 2023 results, wherein non-GAAP earnings per share (EPS) of $1.23 surpassed the Zacks Consensus Estimate by 64%. The company reported EPS of 71 cents in the prior-year quarter.
Revenues totaled $577.2 million, which beat the Zacks Consensus Estimate by 1.1%. The top line also improved 23% year over year. The outperformance was driven by strong operational execution and easing of supply-chain issues.
For the first quarter of 2024, ITRI expects revenues to be between $575 million and $585 million. Non-GAAP EPS is anticipated in the range of 80-90 cents.
For 2024, management projects revenues to be between $2.275 billion and $2.375 billion. Non-GAAP EPS is estimated in the band of $3.40-$3.80.
Currently, Itron carries a Zacks Rank #2 (Buy).
Other Stocks to Consider
Some other top-ranked stocks from the broader technology space are Synopsys (SNPS - Free Report) , Woodward (WWD - Free Report) and Perion Network (PERI - Free Report) . Synopsys and Perion Network sport a Zacks Rank #1 (Strong Buy) at present, while Woodward carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Synopsys’ 2024 EPS has improved 1.1% in the past 60 days to $13.56. SNPS’ long-term earnings growth rate is 17.5%.
Synopsys’ earnings surpassed the Zacks Consensus Estimate in each of the last four quarters, delivering an average surprise of 4.1%. Shares of SNPS have risen 59.9% in the past year.
The Zacks Consensus Estimate for Woodward’s fiscal 2024 EPS has inched up 5.7% in the past 60 days to $5.27. WWD’s long-term earnings growth rate is 15.5%.
Woodward’s earnings beat the Zacks Consensus Estimate in each of the last four quarters, delivering an average surprise of 27.2%. Shares of WWD have risen 57.9% in the past year.
The Zacks Consensus Estimate for Perion Network’s fiscal 2024 EPS has improved 0.6% in the past 60 days to $3.34. PERI’s long-term earnings growth rate is 22%.
The company’s earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average surprise of 12.9%. Shares of PERI have lost 34.7% in the past year.