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Itron (ITRI) Dips More Than Broader Market: What You Should Know
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Itron (ITRI - Free Report) closed at $83.88 in the latest trading session, marking a -2.01% move from the prior day. This move lagged the S&P 500's daily loss of 0.4%. Elsewhere, the Dow gained 0.11%, while the tech-heavy Nasdaq lost 0.73%.
Shares of the energy and water meter company witnessed a loss of 8.89% over the previous month, trailing the performance of the Computer and Technology sector with its loss of 8.37%, and the S&P 500's loss of 7.34%.
Investors will be eagerly watching for the performance of Itron in its upcoming earnings disclosure. The company's upcoming EPS is projected at $1.25, signifying a 17.76% drop compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $570.76 million, down 5.99% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates project earnings of $6.06 per share and a revenue of $2.42 billion, demonstrating changes of -15.01% and +2.03%, respectively, from the preceding year.
Any recent changes to analyst estimates for Itron should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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. Over the past month, there's been a 0.26% rise in the Zacks Consensus EPS estimate. Currently, Itron is carrying a Zacks Rank of #3 (Hold).
Investors should also note Itron's current valuation metrics, including its Forward P/E ratio of 14.11. This expresses a discount compared to the average Forward P/E of 22.16 of its industry.
We can additionally observe that ITRI currently boasts a PEG ratio of 0.74. 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 2.91 at the close of the market yesterday.
The Electronics - Testing Equipment industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 16, placing it within the top 7% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. 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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Itron (ITRI) Dips More Than Broader Market: What You Should Know
Itron (ITRI - Free Report) closed at $83.88 in the latest trading session, marking a -2.01% move from the prior day. This move lagged the S&P 500's daily loss of 0.4%. Elsewhere, the Dow gained 0.11%, while the tech-heavy Nasdaq lost 0.73%.
Shares of the energy and water meter company witnessed a loss of 8.89% over the previous month, trailing the performance of the Computer and Technology sector with its loss of 8.37%, and the S&P 500's loss of 7.34%.
Investors will be eagerly watching for the performance of Itron in its upcoming earnings disclosure. The company's upcoming EPS is projected at $1.25, signifying a 17.76% drop compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $570.76 million, down 5.99% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates project earnings of $6.06 per share and a revenue of $2.42 billion, demonstrating changes of -15.01% and +2.03%, respectively, from the preceding year.
Any recent changes to analyst estimates for Itron should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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. Over the past month, there's been a 0.26% rise in the Zacks Consensus EPS estimate. Currently, Itron is carrying a Zacks Rank of #3 (Hold).
Investors should also note Itron's current valuation metrics, including its Forward P/E ratio of 14.11. This expresses a discount compared to the average Forward P/E of 22.16 of its industry.
We can additionally observe that ITRI currently boasts a PEG ratio of 0.74. 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 2.91 at the close of the market yesterday.
The Electronics - Testing Equipment industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 16, placing it within the top 7% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. 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.