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Badger Meter (BMI) Surpasses Market Returns: Some Facts Worth Knowing
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In the latest close session, Badger Meter (BMI - Free Report) was up +2.71% at $181.83. The stock's change was more than the S&P 500's daily gain of 0.62%. Meanwhile, the Dow gained 0.99%, and the Nasdaq, a tech-heavy index, added 0.65%.
Prior to today's trading, shares of the manufacturer of products that measure gas and water flow had lost 0.2% was narrower than the Computer and Technology sector's loss of 1.47% and lagged the S&P 500's gain of 0.59%.
Market participants will be closely following the financial results of Badger Meter in its upcoming release. On that day, Badger Meter is projected to report earnings of $1.14 per share, which would represent year-over-year growth of 9.62%. Our most recent consensus estimate is calling for quarterly revenue of $231.61 million, up 12.88% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $4.79 per share and a revenue of $927.59 million, demonstrating changes of +13.24% and 0%, respectively, from the preceding year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Badger Meter. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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. Within the past 30 days, our consensus EPS projection has moved 0.11% lower. Badger Meter presently features a Zacks Rank of #4 (Sell).
Digging into valuation, Badger Meter currently has a Forward P/E ratio of 33.33. Its industry sports an average Forward P/E of 25.51, so one might conclude that Badger Meter is trading at a premium comparatively.
It is also worth noting that BMI currently has a PEG ratio of 2.64. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Instruments - Control industry had an average PEG ratio of 1.97 as trading concluded yesterday.
The Instruments - Control industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 50, placing it within the top 21% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Badger Meter (BMI) Surpasses Market Returns: Some Facts Worth Knowing
In the latest close session, Badger Meter (BMI - Free Report) was up +2.71% at $181.83. The stock's change was more than the S&P 500's daily gain of 0.62%. Meanwhile, the Dow gained 0.99%, and the Nasdaq, a tech-heavy index, added 0.65%.
Prior to today's trading, shares of the manufacturer of products that measure gas and water flow had lost 0.2% was narrower than the Computer and Technology sector's loss of 1.47% and lagged the S&P 500's gain of 0.59%.
Market participants will be closely following the financial results of Badger Meter in its upcoming release. On that day, Badger Meter is projected to report earnings of $1.14 per share, which would represent year-over-year growth of 9.62%. Our most recent consensus estimate is calling for quarterly revenue of $231.61 million, up 12.88% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $4.79 per share and a revenue of $927.59 million, demonstrating changes of +13.24% and 0%, respectively, from the preceding year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Badger Meter. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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. Within the past 30 days, our consensus EPS projection has moved 0.11% lower. Badger Meter presently features a Zacks Rank of #4 (Sell).
Digging into valuation, Badger Meter currently has a Forward P/E ratio of 33.33. Its industry sports an average Forward P/E of 25.51, so one might conclude that Badger Meter is trading at a premium comparatively.
It is also worth noting that BMI currently has a PEG ratio of 2.64. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Instruments - Control industry had an average PEG ratio of 1.97 as trading concluded yesterday.
The Instruments - Control industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 50, placing it within the top 21% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.