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Badger Meter (BMI) Dips More Than Broader Market: What You Should Know
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In the latest trading session, Badger Meter (BMI - Free Report) closed at $174.41, marking a -2.14% move from the previous day. This move lagged the S&P 500's daily loss of 0.74%. Elsewhere, the Dow lost 0.63%, while the tech-heavy Nasdaq lost 0.76%.
Prior to today's trading, shares of the manufacturer of products that measure gas and water flow had gained 2.08% outpaced the Computer and Technology sector's gain of 0.14% and the S&P 500's gain of 0.79%.
The investment community will be closely monitoring the performance of Badger Meter in its forthcoming earnings report. The company is forecasted to report an EPS of $1.14, showcasing a 9.62% upward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $231.61 million, showing a 12.88% escalation compared to the year-ago quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $4.79 per share and revenue of $927.59 million, indicating changes of +13.24% and +12.22%, respectively, compared to the previous year.
Investors might also notice recent changes to analyst estimates for Badger Meter. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.13% lower within the past month. Badger Meter is currently sporting a Zacks Rank of #4 (Sell).
Investors should also note Badger Meter's current valuation metrics, including its Forward P/E ratio of 37.2. Its industry sports an average Forward P/E of 23.87, so one might conclude that Badger Meter is trading at a premium comparatively.
Investors should also note that BMI has a PEG ratio of 2.94 right now. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. By the end of yesterday's trading, the Instruments - Control industry had an average PEG ratio of 2.12.
The Instruments - Control industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 46, finds itself in the top 19% echelons 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Badger Meter (BMI) Dips More Than Broader Market: What You Should Know
In the latest trading session, Badger Meter (BMI - Free Report) closed at $174.41, marking a -2.14% move from the previous day. This move lagged the S&P 500's daily loss of 0.74%. Elsewhere, the Dow lost 0.63%, while the tech-heavy Nasdaq lost 0.76%.
Prior to today's trading, shares of the manufacturer of products that measure gas and water flow had gained 2.08% outpaced the Computer and Technology sector's gain of 0.14% and the S&P 500's gain of 0.79%.
The investment community will be closely monitoring the performance of Badger Meter in its forthcoming earnings report. The company is forecasted to report an EPS of $1.14, showcasing a 9.62% upward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $231.61 million, showing a 12.88% escalation compared to the year-ago quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $4.79 per share and revenue of $927.59 million, indicating changes of +13.24% and +12.22%, respectively, compared to the previous year.
Investors might also notice recent changes to analyst estimates for Badger Meter. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.13% lower within the past month. Badger Meter is currently sporting a Zacks Rank of #4 (Sell).
Investors should also note Badger Meter's current valuation metrics, including its Forward P/E ratio of 37.2. Its industry sports an average Forward P/E of 23.87, so one might conclude that Badger Meter is trading at a premium comparatively.
Investors should also note that BMI has a PEG ratio of 2.94 right now. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. By the end of yesterday's trading, the Instruments - Control industry had an average PEG ratio of 2.12.
The Instruments - Control industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 46, finds itself in the top 19% echelons 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.