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Badger Meter (BMI) Increases Despite Market Slip: Here's What You Need to Know
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Badger Meter (BMI - Free Report) closed the most recent trading day at $146.59, moving +1.59% from the previous trading session. The stock's performance was ahead of the S&P 500's daily loss of 0.61%. On the other hand, the Dow registered a loss of 0.26%, and the technology-centric Nasdaq decreased by 0.93%.
The manufacturer of products that measure gas and water flow's shares have seen a decrease of 8.91% over the last month, not keeping up with the Computer and Technology sector's loss of 1.56% and the S&P 500's loss of 2.25%.
The upcoming earnings release of Badger Meter will be of great interest to investors. In that report, analysts expect Badger Meter to post earnings of $1.22 per share. This would mark a year-over-year decline of 6.15%. In the meantime, our current consensus estimate forecasts the revenue to be $231.56 million, indicating a 4.21% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates project earnings of $5.03 per share and a revenue of $968.27 million, demonstrating changes of +5.01% and +5.63%, respectively, from the preceding year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Badger Meter. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Badger Meter currently has a Zacks Rank of #5 (Strong Sell).
In the context of valuation, Badger Meter is at present trading with a Forward P/E ratio of 28.67. This indicates a premium in contrast to its industry's Forward P/E of 25.26.
Also, we should mention that BMI has a PEG ratio of 2.32. 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 Instruments - Control industry stood at 1.67 at the close of the market yesterday.
The Instruments - Control industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 187, positioning it in the bottom 24% 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Badger Meter (BMI) Increases Despite Market Slip: Here's What You Need to Know
Badger Meter (BMI - Free Report) closed the most recent trading day at $146.59, moving +1.59% from the previous trading session. The stock's performance was ahead of the S&P 500's daily loss of 0.61%. On the other hand, the Dow registered a loss of 0.26%, and the technology-centric Nasdaq decreased by 0.93%.
The manufacturer of products that measure gas and water flow's shares have seen a decrease of 8.91% over the last month, not keeping up with the Computer and Technology sector's loss of 1.56% and the S&P 500's loss of 2.25%.
The upcoming earnings release of Badger Meter will be of great interest to investors. In that report, analysts expect Badger Meter to post earnings of $1.22 per share. This would mark a year-over-year decline of 6.15%. In the meantime, our current consensus estimate forecasts the revenue to be $231.56 million, indicating a 4.21% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates project earnings of $5.03 per share and a revenue of $968.27 million, demonstrating changes of +5.01% and +5.63%, respectively, from the preceding year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Badger Meter. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Badger Meter currently has a Zacks Rank of #5 (Strong Sell).
In the context of valuation, Badger Meter is at present trading with a Forward P/E ratio of 28.67. This indicates a premium in contrast to its industry's Forward P/E of 25.26.
Also, we should mention that BMI has a PEG ratio of 2.32. 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 Instruments - Control industry stood at 1.67 at the close of the market yesterday.
The Instruments - Control industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 187, positioning it in the bottom 24% 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.