Core Insights - Itron, Inc. has achieved a significant milestone with the 50th deployment of its Temetra® solution in Australia, specifically with Aqwest, a provider of drinking water to the City of Bunbury and surrounding areas [1][4] Group 1: Temetra Solution Deployment - Aqwest selected Itron's Temetra to simplify meter data collection, allowing for the integration of multi-vendor meter reads and enabling a gradual upgrade to digital meters [2][4] - The Temetra solution utilizes existing communication protocols and handheld mobile devices to collect and upload meter data, providing insights into consumption patterns and assisting in customer billing inquiries [3][4] Group 2: Addressing Water Management Challenges - The deployment of Temetra reinforces Itron's commitment to tackling water scarcity in Australia, enhancing the efficiency of water management operations for utilities [4][5] - Climate change and population growth are increasing the demand on aging water infrastructure, making efficient water management systems crucial for sustainability [5] Group 3: Features and Benefits of Temetra - Temetra is a cloud-based, multi-vendor, multi-commodity meter data management solution that supports various meter manufacturers and communication protocols, facilitating a smooth transition from manual to smart metering [4][5] - The solution enhances operational efficiency by storing meter read data from multiple sources in one location and supports map-based routing for improved management [4]

Core Viewpoint - Itron (ITRI) has demonstrated strong stock performance, gaining 22% over the past three months and 56.4% year to date, outperforming its sub-industry and major indices [1][4]. Market Demand and Financial Performance - Strong market demand in the energy and water sectors is driving the adoption of Itron's solutions, with revenues expanding 10% year over year in the last reported quarter [2][5]. - Itron has consistently outperformed earnings estimates, with an average surprise of 49.7% over the last four quarters [2]. - Bookings reached $487 million, with a backlog of $4 billion, indicating robust future revenue prospects [6][7]. Growth Drivers - Growth in Itron's Grid Edge Intelligence platform is fueled by data center demand, reindustrialization, electrification, and automation of water infrastructure [8]. - The acquisition of Elpis Squared has enhanced the solutions offered within the Grid Edge Intelligence platform [8]. Revenue and Earnings Guidance - Itron has raised its revenue guidance for 2024 to between $2.428 billion and $2.438 billion, up from previous estimates [9]. - Non-GAAP EPS estimates have also increased to a range of $5.28-$5.38, compared to earlier estimates of $4.45-$4.65 [10]. Operational Efficiency - The gross margin improved to 34.1%, reflecting a 70 basis point year-over-year increase due to enhanced operational efficiencies [11]. - Non-GAAP operating income rose to $79 million from $59 million in the previous year, driven by higher gross profit and revenues [11]. Technical Indicators and Valuation - Itron's forward 12-month price-to-earnings ratio stands at 24.11X, slightly below the industry average of 24.65X, indicating a potentially attractive investment opportunity [12]. - The stock is trading above its 50 and 100-day moving averages, suggesting positive market momentum [13]. Cost and Debt Concerns - Total operating expenses increased by 10.5% to $585 million in 2023, with non-GAAP operating expenses rising 1.9% year over year in Q3 2024 [14]. - Itron's long-term debt was $1.24 billion, with a debt-to-capital ratio of 47.6%, indicating a leveraged balance sheet and potential cash flow challenges [15]. Estimate Revisions - Analysts have increased earnings estimates for the current quarter by 4%, while the next quarter's estimate has been revised down by 6% [16]. - Earnings estimates for the current and next year have been revised upward by 14.9% and 1.7%, respectively [16].

Core Insights - Itron, Inc. has signed a contract with TasWater to deploy its cloud-based platform Temetra for efficient water meter data collection and management [1][6] - TasWater aims to enhance customer satisfaction and operational efficiency through the implementation of Temetra, which simplifies data collection and reduces billing errors [2][5] - The platform allows for real-time data access and supports data collection from both Itron and third-party meters, aligning with TasWater's corporate strategy [4][6] Group 1 - TasWater's strategy emphasizes customer value, effective partnerships, environmental health, and climate resilience, leveraging Temetra to transform workflows [2][5] - The use of Temetra enhances employee safety by eliminating manual meter reading and allows for quicker data collection [3][5] - Temetra's features include secure cloud storage, real-time data uploads, and GeoRouting capabilities for efficient work assignment during extreme weather events [4][6] Group 2 - Itron is recognized as a global leader in energy, water, smart city, and intelligent infrastructure services, focusing on innovative systems and resource conservation [7]

Core Insights - Itron has partnered with Jemena to implement its Low Voltage Distributed Energy Resource Management System (LV DERMS) to manage rooftop solar generation and enhance energy system resilience in Australia [1][2][6] Group 1: Product and Technology - The LV DERMS was launched in March 2024, designed to ensure stability in low-voltage networks while managing consumer energy resources like rooftop solar and battery storage [2] - The system allows Jemena to remotely manage solar power generation during excess production periods, complying with Victoria's new solar energy mandate [4][5] - LV DERMS integrates seamlessly with existing Advanced Metering Infrastructure (AMI) networks, streamlining deployment and reducing costs for utility providers [6] Group 2: Regulatory Context - The Victorian Government's solar energy mandate, effective from October 1, 2024, requires new rooftop solar systems to have utility-compatible inverters and stable internet connections for monitoring energy demand [3] Group 3: Market Impact and Financial Performance - Itron's revenue for the last reported quarter increased by 10% year over year to $615 million, surpassing the Zacks Consensus Estimate by 3.2% [7] - The revenue forecast for full-year 2024 has been revised upward to a range of $2.428 billion to $2.438 billion, reflecting robust demand and efficient operations [8] - Non-GAAP earnings per share estimates have also increased to a range of $5.28 to $5.38, up from previous projections [8] Group 4: Competitive Position - Itron's shares have gained 69% over the past year, outperforming the sub-industry's growth of 16% [9]

LIBERTY LAKE, Wash., Dec. 01, 2024 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ: ITRI), which is innovating new ways for utilities and cities to manage energy and water, is collaborating with Jemena, a provider of gas and electricity services to millions of customers in Australia, to deploy Itron’s Low Voltage Distributed Energy Resource Management System (LV DERMS) to manage rooftop solar generation and enhance resiliency within the energy system. The innovative data-driven and flexible solution transforms the ...

Investors might want to bet on Itron (ITRI) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.The power of a changing earning ...

Company Overview - Itron Inc, founded in 1977 and headquartered in Liberty Lake, WA, is a technology and services company that supplies a wide range of standard, advanced, and smart meters, as well as meter communication systems, software, devices, sensors, and data analytics to the utility and municipal sectors [10]. Investment Ratings - Itron is currently rated as 2 (Buy) on the Zacks Rank, with a VGM Score of A, indicating strong potential for investment [10]. - The company has a Value Style Score of B, supported by attractive valuation metrics, including a forward P/E ratio of 23.93, which may appeal to value investors [11]. Earnings Estimates - For fiscal 2024, seven analysts have revised their earnings estimates upwards in the last 60 days, with the Zacks Consensus Estimate increasing by $0.58 to $5.17 per share [11]. - Itron has demonstrated an average earnings surprise of 49.7%, indicating a strong performance relative to expectations [11]. Summary of Investment Potential - With a solid Zacks Rank and top-tier Value and VGM Style Scores, Itron is positioned as a compelling option for investors seeking stocks with high potential for returns [11].

Itron, Inc. (ITRI) has teamed up with Verizon Communications Inc. (VZ) to incorporate its Network Continuity solutions into Itron's Intelligent Connectivity platform, leveraging VZ’s multi-network embedded SIM (eSIM) technology. With this communications flexibility, utilities can ensure uninterrupted cellular connectivity across their entire service area, boosting operational efficiency, Itron highlighted.Based in New York, Verizon offers communication services in the form of local phone service, long-dista ...

Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all.That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even though momentum is a popular stock char ...