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Why Badger Meter (BMI) Dipped More Than Broader Market Today
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Badger Meter (BMI - Free Report) closed the most recent trading day at $130.60, moving -1.8% from the previous trading session. This move lagged the S&P 500's daily loss of 0.03%. Elsewhere, the Dow lost 0.31%, while the tech-heavy Nasdaq added 0.01%.
Prior to today's trading, shares of the manufacturer of products that measure gas and water flow had lost 3.03% lagged the Computer and Technology sector's gain of 5.26% and the S&P 500's gain of 0.53%.
Market participants will be closely following the financial results of Badger Meter in its upcoming release. The company's earnings per share (EPS) are projected to be $1.21, reflecting a 1.68% increase from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $240.55 million, showing a 2.08% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates project earnings of $4.5 per share and a revenue of $912.38 million, demonstrating changes of -6.05% and -0.47%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for Badger Meter. Recent revisions tend to reflect the latest near-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 exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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 witnessed an unchanged state. Badger Meter is currently sporting a Zacks Rank of #3 (Hold).
In the context of valuation, Badger Meter is at present trading with a Forward P/E ratio of 29.53. This valuation marks no noticeable deviation compared to its industry average Forward P/E of 29.53.
We can additionally observe that BMI currently boasts a PEG ratio of 3.28. 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 Instruments - Control was holding an average PEG ratio of 2.26 at yesterday's closing price.
The Instruments - Control industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 108, which puts it in the top 44% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
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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Why Badger Meter (BMI) Dipped More Than Broader Market Today
Badger Meter (BMI - Free Report) closed the most recent trading day at $130.60, moving -1.8% from the previous trading session. This move lagged the S&P 500's daily loss of 0.03%. Elsewhere, the Dow lost 0.31%, while the tech-heavy Nasdaq added 0.01%.
Prior to today's trading, shares of the manufacturer of products that measure gas and water flow had lost 3.03% lagged the Computer and Technology sector's gain of 5.26% and the S&P 500's gain of 0.53%.
Market participants will be closely following the financial results of Badger Meter in its upcoming release. The company's earnings per share (EPS) are projected to be $1.21, reflecting a 1.68% increase from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $240.55 million, showing a 2.08% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates project earnings of $4.5 per share and a revenue of $912.38 million, demonstrating changes of -6.05% and -0.47%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for Badger Meter. Recent revisions tend to reflect the latest near-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 exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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 witnessed an unchanged state. Badger Meter is currently sporting a Zacks Rank of #3 (Hold).
In the context of valuation, Badger Meter is at present trading with a Forward P/E ratio of 29.53. This valuation marks no noticeable deviation compared to its industry average Forward P/E of 29.53.
We can additionally observe that BMI currently boasts a PEG ratio of 3.28. 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 Instruments - Control was holding an average PEG ratio of 2.26 at yesterday's closing price.
The Instruments - Control industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 108, which puts it in the top 44% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.