The latest trading session saw Itron (ITRI) ending at $97.75, denoting a -0.76% adjustment from its last day's close. This change lagged the S&P 500's 0.27% loss on the day. Elsewhere, the Dow saw a downswing of 0.51%, while the tech-heavy Nasdaq appreciated by 0.03%.
Prior to today's trading, shares of the energy and water meter company had lost 6.07% over the past month. This has lagged the Computer and Technology sector's gain of 1.69% and the S&P 500's gain of 4.27% in that time.
The upcoming earnings release of Itron will be of great interest to investors. The company's earnings report is expected on February 25, 2025. The company's earnings per share (EPS) are projected to be $1.05, reflecting a 14.63% decrease from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $603.26 million, up 4.52% from the year-ago period.
Investors should also take note of any recent adjustments to analyst estimates for Itron. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.25% downward. Right now, Itron possesses a Zacks Rank of #4 (Sell).
In terms of valuation, Itron is currently trading at a Forward P/E ratio of 20.36. For comparison, its industry has an average Forward P/E of 23.12, which means Itron is trading at a discount to the group.
Also, we should mention that ITRI has a PEG ratio of 0.81. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As of the close of trade yesterday, the Electronics - Testing Equipment industry held an average PEG ratio of 2.6.
The Electronics - Testing Equipment industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 207, which puts it in the bottom 18% of all 250+ industries.
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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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