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Itron (ITRI) Stock Sinks As Market Gains: Here's Why
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Itron (ITRI - Free Report) closed at $82.14 in the latest trading session, marking a -1.08% move from the prior day. The stock trailed the S&P 500, which registered a daily gain of 0.41%. Elsewhere, the Dow lost 0.07%, while the tech-heavy Nasdaq added 1.11%.
The energy and water meter company's shares have seen a decrease of 8.18% over the last month, not keeping up with the Computer and Technology sector's loss of 0.92% and the S&P 500's gain of 1.46%.
The investment community will be closely monitoring the performance of Itron in its forthcoming earnings report. The company is scheduled to release its earnings on October 27, 2026. The company's earnings per share (EPS) are projected to be $1.57, reflecting a 1.95% increase from the same quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $596.45 million, indicating a 2.55% increase compared to the same quarter of the previous year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $6.41 per share and a revenue of $2.39 billion, representing changes of -10.1% and +0.87%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Itron. 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.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Itron currently has a Zacks Rank of #2 (Buy).
With respect to valuation, Itron is currently being traded at a Forward P/E ratio of 12.95. This signifies a discount in comparison to the average Forward P/E of 24.37 for its industry.
Meanwhile, ITRI's PEG ratio is currently 1. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As the market closed yesterday, the Electronics - Testing Equipment industry was having an average PEG ratio of 2.36.
The Electronics - Testing Equipment industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 21, this industry ranks in the top 9% of all industries, numbering over 250.
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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Itron (ITRI) Stock Sinks As Market Gains: Here's Why
Itron (ITRI - Free Report) closed at $82.14 in the latest trading session, marking a -1.08% move from the prior day. The stock trailed the S&P 500, which registered a daily gain of 0.41%. Elsewhere, the Dow lost 0.07%, while the tech-heavy Nasdaq added 1.11%.
The energy and water meter company's shares have seen a decrease of 8.18% over the last month, not keeping up with the Computer and Technology sector's loss of 0.92% and the S&P 500's gain of 1.46%.
The investment community will be closely monitoring the performance of Itron in its forthcoming earnings report. The company is scheduled to release its earnings on October 27, 2026. The company's earnings per share (EPS) are projected to be $1.57, reflecting a 1.95% increase from the same quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $596.45 million, indicating a 2.55% increase compared to the same quarter of the previous year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $6.41 per share and a revenue of $2.39 billion, representing changes of -10.1% and +0.87%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Itron. 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.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Itron currently has a Zacks Rank of #2 (Buy).
With respect to valuation, Itron is currently being traded at a Forward P/E ratio of 12.95. This signifies a discount in comparison to the average Forward P/E of 24.37 for its industry.
Meanwhile, ITRI's PEG ratio is currently 1. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As the market closed yesterday, the Electronics - Testing Equipment industry was having an average PEG ratio of 2.36.
The Electronics - Testing Equipment industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 21, this industry ranks in the top 9% of all industries, numbering over 250.
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.