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].

Core Insights - Itron, Inc. has partnered with Verizon Communications to integrate Verizon's eSIM technology into Itron's Intelligent Connectivity platform, enhancing cellular connectivity for utilities and improving operational efficiency [1][3][4] Company Overview - Itron is a technology and services company based in Liberty Lake, WA, recognized as a leading global supplier of various meters and communication systems for the utility and municipal sectors [5] Partnership Details - The collaboration aims to provide an eSIM solution that adheres to global mobile standards, ensuring reliable network performance and facilitating remote management for utilities [3][4] Financial Performance - Itron's Networked Solutions segment contributed 67.7% to total revenues of $416.7 million in Q3 2024, reflecting an 8% year-over-year increase driven by new initiatives and ongoing deployments [6] Market Position - The partnership with Verizon positions Itron to meet the increasing demand for advanced communication technologies in the utility sector, potentially enhancing its long-term financial performance [4] Stock Performance - Itron currently holds a Zacks Rank 2 (Buy), with shares increasing by 85.9% over the past year, outperforming the sub-industry growth of 23.2% [7]

Core Viewpoint - Growth stocks are appealing due to their potential for above-average financial growth, but identifying the right ones can be challenging due to associated risks and volatility [1] Company Summary - Itron (ITRI) is recommended as a cutting-edge growth stock based on its favorable Growth Score and top Zacks Rank [2] - The company has a historical EPS growth rate of 10%, but projected EPS growth for this year is expected to be 47.2%, significantly higher than the industry average of 8.3% [4] - Itron's asset utilization ratio (sales-to-total-assets ratio) is 0.81, indicating it generates $0.81 in sales for every dollar in assets, outperforming the industry average of 0.53 [5] - Sales growth for Itron is projected at 11.3% this year, compared to the industry average of 5.6% [6] - There has been a positive trend in earnings estimate revisions for Itron, with the Zacks Consensus Estimate for the current year increasing by 16.6% over the past month [8] - Itron has achieved a Zacks Rank of 2 (Buy) and a Growth Score of B based on various favorable metrics [9] Industry Summary - Research indicates that stocks with strong growth features consistently outperform the market, particularly those with a Growth Score of A or B and a Zacks Rank of 1 (Strong Buy) or 2 (Buy) [3]

Company Overview - Itron (ITRI) currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2] - The company has a Zacks Rank of 2 (Buy), suggesting a favorable outlook for investors [3] Price Performance - Itron shares have increased by 8.67% over the past week, outperforming the Zacks Electronics - Testing Equipment industry, which rose by 4.04% [5] - Over the last month, Itron's stock price has changed by 9.21%, compared to the industry's 3.52% [5] - In the last quarter, Itron shares have gained 21.64%, and over the past year, they have surged by 76.9%, while the S&P 500 has only increased by 7.29% and 32.85% respectively [6] Trading Volume - Itron's average 20-day trading volume is 552,004 shares, which serves as a baseline for price-to-volume analysis [7] Earnings Outlook - In the past two months, five earnings estimates for Itron have been revised upwards, while none have been lowered, leading to an increase in the consensus estimate from $4.59 to $4.95 [9] - For the next fiscal year, four estimates have moved up, while two have been revised down [9] Conclusion - Given the strong momentum indicators and positive earnings outlook, Itron is positioned as a solid momentum pick with a 2 (Buy) rating and a Momentum Score of A [10]

LIBERTY LAKE, Wash., Nov. 05, 2024 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ: ITRI), which is innovating new ways for utilities and cities to manage energy and water, has added Verizon Network Continuity solutions to Itron’s Intelligent Connectivity suite with multi-network embedded SIM (eSIM) technology. This collaboration enables more reliable and resilient communications across broader geographies. Utilities serving customers in remote areas often face challenges with variable network coverage. To address ...