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Badger Meter (BMI) Suffers a Larger Drop Than the General Market: Key Insights
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In the latest market close, Badger Meter (BMI - Free Report) reached $192.38, with a -1.72% movement compared to the previous day. This change lagged the S&P 500's 1.12% loss on the day. Meanwhile, the Dow experienced a drop of 0.31%, and the technology-dominated Nasdaq saw a decrease of 2.04%.
The the stock of manufacturer of products that measure gas and water flow has fallen by 5.7% in the past month, lagging the Computer and Technology sector's loss of 4.05% and the S&P 500's loss of 2.91%.
The investment community will be paying close attention to the earnings performance of Badger Meter in its upcoming release. It is anticipated that the company will report an EPS of $1.08, marking a 9.09% rise compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $222.04 million, indicating a 13.12% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $4.65 per share and a revenue of $931.8 million, demonstrating changes of +9.93% and +12.73%, respectively, from the preceding year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Badger Meter. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Badger Meter is currently a Zacks Rank #3 (Hold).
In terms of valuation, Badger Meter is currently trading at a Forward P/E ratio of 42.13. This represents a premium compared to its industry's average Forward P/E of 23.1.
One should further note that BMI currently holds a PEG ratio of 3.49. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The average PEG ratio for the Instruments - Control industry stood at 3.27 at the close of the market yesterday.
The Instruments - Control industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 172, placing it within the bottom 32% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Badger Meter (BMI) Suffers a Larger Drop Than the General Market: Key Insights
In the latest market close, Badger Meter (BMI - Free Report) reached $192.38, with a -1.72% movement compared to the previous day. This change lagged the S&P 500's 1.12% loss on the day. Meanwhile, the Dow experienced a drop of 0.31%, and the technology-dominated Nasdaq saw a decrease of 2.04%.
The the stock of manufacturer of products that measure gas and water flow has fallen by 5.7% in the past month, lagging the Computer and Technology sector's loss of 4.05% and the S&P 500's loss of 2.91%.
The investment community will be paying close attention to the earnings performance of Badger Meter in its upcoming release. It is anticipated that the company will report an EPS of $1.08, marking a 9.09% rise compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $222.04 million, indicating a 13.12% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $4.65 per share and a revenue of $931.8 million, demonstrating changes of +9.93% and +12.73%, respectively, from the preceding year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Badger Meter. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Badger Meter is currently a Zacks Rank #3 (Hold).
In terms of valuation, Badger Meter is currently trading at a Forward P/E ratio of 42.13. This represents a premium compared to its industry's average Forward P/E of 23.1.
One should further note that BMI currently holds a PEG ratio of 3.49. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The average PEG ratio for the Instruments - Control industry stood at 3.27 at the close of the market yesterday.
The Instruments - Control industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 172, placing it within the bottom 32% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.