We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
In the latest trading session, Itron (ITRI - Free Report) closed at $91.12, marking a +2.74% move from the previous day. This move outpaced the S&P 500's daily gain of 0.44%. At the same time, the Dow added 0.36%, and the tech-heavy Nasdaq gained 0.54%.
Coming into today, shares of the energy and water meter company had lost 2.81% in the past month. In that same time, the Computer and Technology sector lost 2.47%, while the S&P 500 lost 3.31%.
Analysts and investors alike will be keeping a close eye on the performance of Itron in its upcoming earnings disclosure. On that day, Itron is projected to report earnings of $1.25 per share, which would represent a year-over-year decline of 17.76%. Simultaneously, our latest consensus estimate expects the revenue to be $570.76 million, showing a 5.99% drop compared to the year-ago quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $6.06 per share and revenue of $2.42 billion. These totals would mark changes of -15.01% and +2.03%, respectively, from last year.
Investors should also take note of any recent adjustments to analyst estimates for Itron. These recent revisions tend to reflect the evolving nature of short-term business trends. 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 utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.07% decrease. Itron presently features a Zacks Rank of #3 (Hold).
Looking at valuation, Itron is presently trading at a Forward P/E ratio of 14.63. This denotes a discount relative to the industry average Forward P/E of 23.09.
Also, we should mention that ITRI has a PEG ratio of 0.77. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Electronics - Testing Equipment industry had an average PEG ratio of 3.03 as trading concluded yesterday.
The Electronics - Testing Equipment industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 6, putting it in the top 3% of all 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
Itron (ITRI) Rises Higher Than Market: Key Facts
In the latest trading session, Itron (ITRI - Free Report) closed at $91.12, marking a +2.74% move from the previous day. This move outpaced the S&P 500's daily gain of 0.44%. At the same time, the Dow added 0.36%, and the tech-heavy Nasdaq gained 0.54%.
Coming into today, shares of the energy and water meter company had lost 2.81% in the past month. In that same time, the Computer and Technology sector lost 2.47%, while the S&P 500 lost 3.31%.
Analysts and investors alike will be keeping a close eye on the performance of Itron in its upcoming earnings disclosure. On that day, Itron is projected to report earnings of $1.25 per share, which would represent a year-over-year decline of 17.76%. Simultaneously, our latest consensus estimate expects the revenue to be $570.76 million, showing a 5.99% drop compared to the year-ago quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $6.06 per share and revenue of $2.42 billion. These totals would mark changes of -15.01% and +2.03%, respectively, from last year.
Investors should also take note of any recent adjustments to analyst estimates for Itron. These recent revisions tend to reflect the evolving nature of short-term business trends. 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 utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.07% decrease. Itron presently features a Zacks Rank of #3 (Hold).
Looking at valuation, Itron is presently trading at a Forward P/E ratio of 14.63. This denotes a discount relative to the industry average Forward P/E of 23.09.
Also, we should mention that ITRI has a PEG ratio of 0.77. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Electronics - Testing Equipment industry had an average PEG ratio of 3.03 as trading concluded yesterday.
The Electronics - Testing Equipment industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 6, putting it in the top 3% of all 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.