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In the latest trading session, Itron (ITRI - Free Report) closed at $135.97, marking a +1.48% move from the previous day. The stock's performance was ahead of the S&P 500's daily gain of 0.4%. Elsewhere, the Dow gained 0.47%, while the tech-heavy Nasdaq added 0.24%.
Shares of the energy and water meter company have appreciated by 0.91% over the course of the past month, underperforming the Computer and Technology sector's gain of 6.84%, and the S&P 500's gain of 4.61%.
The investment community will be closely monitoring the performance of Itron in its forthcoming earnings report. The company is scheduled to release its earnings on July 31, 2025. The company's earnings per share (EPS) are projected to be $1.33, reflecting a 9.92% increase from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $609.26 million, reflecting a 0.03% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $5.46 per share and revenue of $2.46 billion, which would represent changes of -2.85% and +0.76%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Itron. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.11% higher. Right now, Itron possesses a Zacks Rank of #3 (Hold).
In terms of valuation, Itron is presently being traded at a Forward P/E ratio of 24.55. This indicates a discount in contrast to its industry's Forward P/E of 24.94.
One should further note that ITRI currently holds a PEG ratio of 0.85. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The average PEG ratio for the Electronics - Testing Equipment industry stood at 2.7 at the close of the market yesterday.
The Electronics - Testing Equipment industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 221, putting it in the bottom 11% of all 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.
To follow ITRI in the coming trading sessions, be sure to utilize Zacks.com.
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Why Itron (ITRI) Outpaced the Stock Market Today
In the latest trading session, Itron (ITRI - Free Report) closed at $135.97, marking a +1.48% move from the previous day. The stock's performance was ahead of the S&P 500's daily gain of 0.4%. Elsewhere, the Dow gained 0.47%, while the tech-heavy Nasdaq added 0.24%.
Shares of the energy and water meter company have appreciated by 0.91% over the course of the past month, underperforming the Computer and Technology sector's gain of 6.84%, and the S&P 500's gain of 4.61%.
The investment community will be closely monitoring the performance of Itron in its forthcoming earnings report. The company is scheduled to release its earnings on July 31, 2025. The company's earnings per share (EPS) are projected to be $1.33, reflecting a 9.92% increase from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $609.26 million, reflecting a 0.03% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $5.46 per share and revenue of $2.46 billion, which would represent changes of -2.85% and +0.76%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Itron. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.11% higher. Right now, Itron possesses a Zacks Rank of #3 (Hold).
In terms of valuation, Itron is presently being traded at a Forward P/E ratio of 24.55. This indicates a discount in contrast to its industry's Forward P/E of 24.94.
One should further note that ITRI currently holds a PEG ratio of 0.85. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The average PEG ratio for the Electronics - Testing Equipment industry stood at 2.7 at the close of the market yesterday.
The Electronics - Testing Equipment industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 221, putting it in the bottom 11% of all 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.
To follow ITRI in the coming trading sessions, be sure to utilize Zacks.com.