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.
Itron (ITRI) Increases Despite Market Slip: Here's What You Need to Know
Read MoreHide Full Article
Itron (ITRI - Free Report) closed the most recent trading day at $82.95, moving +1.64% from the previous trading session. The stock's change was more than the S&P 500's daily loss of 0.01%. Meanwhile, the Dow gained 0.14%, and the Nasdaq, a tech-heavy index, lost 0.46%.
The energy and water meter company's shares have seen a decrease of 4.33% over the last month, not keeping up with the Computer and Technology sector's loss of 2.57% and the S&P 500's loss of 1.4%.
Market participants will be closely following the financial results of Itron in its upcoming release. The company is predicted to post an EPS of $1.31, indicating a 19.14% decline compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $564.72 million, down 6.93% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $6.01 per share and revenue of $2.38 billion, indicating changes of -15.71% and +0.34%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for Itron. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Itron presently features a Zacks Rank of #3 (Hold).
In terms of valuation, Itron is presently being traded at a Forward P/E ratio of 13.59. For comparison, its industry has an average Forward P/E of 24.66, which means Itron is trading at a discount to the group.
One should further note that ITRI currently holds a PEG ratio of 0.71. 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. The Electronics - Testing Equipment industry had an average PEG ratio of 2.01 as trading concluded yesterday.
The Electronics - Testing Equipment industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 7, this industry ranks in the top 3% of all industries, numbering over 250.
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.
You can find more information on all of these metrics, and much more, on Zacks.com.
View the Zacks #1 Rank List
Image: Bigstock
Itron (ITRI) Increases Despite Market Slip: Here's What You Need to Know
Itron (ITRI - Free Report) closed the most recent trading day at $82.95, moving +1.64% from the previous trading session. The stock's change was more than the S&P 500's daily loss of 0.01%. Meanwhile, the Dow gained 0.14%, and the Nasdaq, a tech-heavy index, lost 0.46%.
The energy and water meter company's shares have seen a decrease of 4.33% over the last month, not keeping up with the Computer and Technology sector's loss of 2.57% and the S&P 500's loss of 1.4%.
Market participants will be closely following the financial results of Itron in its upcoming release. The company is predicted to post an EPS of $1.31, indicating a 19.14% decline compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $564.72 million, down 6.93% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $6.01 per share and revenue of $2.38 billion, indicating changes of -15.71% and +0.34%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for Itron. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Itron presently features a Zacks Rank of #3 (Hold).
In terms of valuation, Itron is presently being traded at a Forward P/E ratio of 13.59. For comparison, its industry has an average Forward P/E of 24.66, which means Itron is trading at a discount to the group.
One should further note that ITRI currently holds a PEG ratio of 0.71. 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. The Electronics - Testing Equipment industry had an average PEG ratio of 2.01 as trading concluded yesterday.
The Electronics - Testing Equipment industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 7, this industry ranks in the top 3% of all industries, numbering over 250.
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.
You can find more information on all of these metrics, and much more, on Zacks.com.