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Badger Meter (BMI) Sees a More Significant Dip Than Broader Market: Some Facts to Know
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Badger Meter (BMI - Free Report) closed at $127.81 in the latest trading session, marking a -5.2% move from the prior day. This change lagged the S&P 500's 1.44% loss on the day. Elsewhere, the Dow lost 0.09%, while the tech-heavy Nasdaq lost 2.22%.
The manufacturer of products that measure gas and water flow's stock has climbed by 7.14% in the past month, exceeding the Computer and Technology sector's gain of 0.98% and the S&P 500's gain of 0.08%.
Market participants will be closely following the financial results of Badger Meter in its upcoming release. In that report, analysts expect Badger Meter to post earnings of $1.01 per share. This would mark a year-over-year decline of 13.68%. Simultaneously, our latest consensus estimate expects the revenue to be $219.66 million, showing a 7.75% drop compared to the year-ago quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $4.51 per share and a revenue of $909.27 million, signifying shifts of -5.85% and -0.81%, respectively, from the last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Badger Meter. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.29% higher. Badger Meter is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that Badger Meter has a Forward P/E ratio of 29.89 right now. Its industry sports an average Forward P/E of 29.89, so one might conclude that Badger Meter is trading at no noticeable deviation comparatively.
We can additionally observe that BMI currently boasts a PEG ratio of 2.42. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. By the end of yesterday's trading, the Instruments - Control industry had an average PEG ratio of 1.96.
The Instruments - Control industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 104, which puts it in the top 43% 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
View the Zacks #1 Rank List
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Badger Meter (BMI) Sees a More Significant Dip Than Broader Market: Some Facts to Know
Badger Meter (BMI - Free Report) closed at $127.81 in the latest trading session, marking a -5.2% move from the prior day. This change lagged the S&P 500's 1.44% loss on the day. Elsewhere, the Dow lost 0.09%, while the tech-heavy Nasdaq lost 2.22%.
The manufacturer of products that measure gas and water flow's stock has climbed by 7.14% in the past month, exceeding the Computer and Technology sector's gain of 0.98% and the S&P 500's gain of 0.08%.
Market participants will be closely following the financial results of Badger Meter in its upcoming release. In that report, analysts expect Badger Meter to post earnings of $1.01 per share. This would mark a year-over-year decline of 13.68%. Simultaneously, our latest consensus estimate expects the revenue to be $219.66 million, showing a 7.75% drop compared to the year-ago quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $4.51 per share and a revenue of $909.27 million, signifying shifts of -5.85% and -0.81%, respectively, from the last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Badger Meter. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.29% higher. Badger Meter is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that Badger Meter has a Forward P/E ratio of 29.89 right now. Its industry sports an average Forward P/E of 29.89, so one might conclude that Badger Meter is trading at no noticeable deviation comparatively.
We can additionally observe that BMI currently boasts a PEG ratio of 2.42. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. By the end of yesterday's trading, the Instruments - Control industry had an average PEG ratio of 1.96.
The Instruments - Control industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 104, which puts it in the top 43% 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.