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Badger Meter (BMI) Rises Higher Than Market: Key Facts
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In the latest trading session, Badger Meter (BMI - Free Report) closed at $179.75, marking a +1.74% move from the previous day. The stock exceeded the S&P 500, which registered a gain of 0.06% for the day. At the same time, the Dow added 0.17%, and the tech-heavy Nasdaq gained 0.39%.
Shares of the manufacturer of products that measure gas and water flow witnessed a loss of 2.8% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 8.78%, and the S&P 500's gain of 3.94%.
Market participants will be closely following the financial results of Badger Meter in its upcoming release. It is anticipated that the company will report an EPS of $1.11, marking a 2.78% rise compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $229.36 million, up 10.04% from the prior-year quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $4.69 per share and a revenue of $919.67 million, representing changes of +10.87% and +11.27%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Badger Meter. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.55% downward. Badger Meter is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, Badger Meter is holding a Forward P/E ratio of 37.64. This denotes a premium relative to the industry average Forward P/E of 28.24.
Also, we should mention that BMI has a PEG ratio of 3.13. 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. BMI's industry had an average PEG ratio of 3.13 as of yesterday's close.
The Instruments - Control industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 29, which puts it in the top 12% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Badger Meter (BMI) Rises Higher Than Market: Key Facts
In the latest trading session, Badger Meter (BMI - Free Report) closed at $179.75, marking a +1.74% move from the previous day. The stock exceeded the S&P 500, which registered a gain of 0.06% for the day. At the same time, the Dow added 0.17%, and the tech-heavy Nasdaq gained 0.39%.
Shares of the manufacturer of products that measure gas and water flow witnessed a loss of 2.8% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 8.78%, and the S&P 500's gain of 3.94%.
Market participants will be closely following the financial results of Badger Meter in its upcoming release. It is anticipated that the company will report an EPS of $1.11, marking a 2.78% rise compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $229.36 million, up 10.04% from the prior-year quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $4.69 per share and a revenue of $919.67 million, representing changes of +10.87% and +11.27%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Badger Meter. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.55% downward. Badger Meter is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, Badger Meter is holding a Forward P/E ratio of 37.64. This denotes a premium relative to the industry average Forward P/E of 28.24.
Also, we should mention that BMI has a PEG ratio of 3.13. 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. BMI's industry had an average PEG ratio of 3.13 as of yesterday's close.
The Instruments - Control industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 29, which puts it in the top 12% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.