As brokers directly communicate with top management, they have more insight into what is happening in a particular company. They assess a company's publicly available documents and even attend conference calls. We have a screening strategy that will help in your search for potential winners: Zacks Rank Equal to #1 or 2: Despite good or bad market conditions, stocks with a Zacks Rank #1 (Strong Buy) or 2 (Buy) have a proven record of success. You can see the complete list of today's Zacks #1 Rank stocks here ...

Frequent product launches provide additional tailwinds for Itron. The solutions help to address the complexities of grid instability and aid utility firms in gaining increased visibility into the low-voltage distribution grid. With enhanced visibility, utilities will be able to quickly troubleshoot any transformer loading and voltage issues, thereby increasing the usable life of transformers. For Itron, the consensus EPS estimate for the quarter has been revised 1.4% higher over the last 30 days to the curr ...

LIBERTY LAKE, Wash., July 11, 2024 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ: ITRI), which is innovating new ways for utilities and cities to manage energy and water, announced today that it will release financial results for the quarter ended June 30, 2024 before the opening of market on Thursday, Aug. 1, 2024. The company's press release and financial statements will be available on the company's website at https://investors.itron.com on Aug. 1, 2024 at 8:30 a.m. EDT followed by the management conference ca ...

Company Performance - Itron's stock closed at $100, reflecting a +1.77% increase from the previous trading day's closing, outperforming the S&P 500's daily gain of 1.02% [1] - The company's upcoming earnings per share (EPS) are projected to be $0.95, indicating a 46.15% increase from the same quarter last year, with a revenue estimate of $599.3 million, reflecting a 10.76% rise [2] - Over the last month, Itron's shares have decreased by 7.72%, underperforming compared to the Computer and Technology sector's gain of 8.46% and the S&P 500's gain of 4.44% [7] Analyst Estimates and Valuation - Recent changes to analyst estimates for Itron indicate confidence in the company's business performance and profit potential [3] - The Zacks Consensus Estimates forecast earnings of $4 per share and revenue of $2.37 billion for the year, representing changes of +19.05% and +9.15%, respectively, compared to the previous year [8] - Itron has a PEG ratio of 0.94, significantly lower than the Electronics - Testing Equipment industry's average PEG ratio of 2.63 [5] - The company is currently trading at a Forward P/E ratio of 24.56, which is a premium compared to its industry's Forward P/E of 24.33 [10] Industry Context - The Electronics - Testing Equipment industry is part of the Computer and Technology sector and holds a Zacks Industry Rank of 63, placing it in the top 25% of all 250+ industries [11] - The Zacks Rank system indicates that stocks rated 1 (Strong Buy) have produced an average annual return of +25% since 1988, with Itron currently holding a Zacks Rank of 3 (Hold) [4][6]

The most recent trading session ended with Itron (ITRI) standing at $99.42, reflecting a +1.59% shift from the previouse trading day's closing. The stock outpaced the S&P 500's daily gain of 0.09%. Meanwhile, the Dow gained 0.09%, and the Nasdaq, a tech-heavy index, added 0.3%. In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $4 per share and a revenue of $2.36 billion, indicating changes of +19.05% and +8.78%, respectively, from the former year. The Zacks Rank system ra ...

Headquartered in Liberty Lake, WA, Itron is one of the leading global suppliers of a wide range of standard, advanced and smart meters and meter communication systems. It also provides networks and communication modules, software, services and sensors for the effective management of electricity, gas and water resources for consumers. Image Source: Zacks Investment Research Itron's performance is gaining from higher recurring and one-time service revenues, communication module sales, improved component suppl ...

The Notes will accrue interest at a rate of 1.375% per annum, payable semi-annually in arrears on January 15 and July 15 of each year, beginning on January 15, 2025. The Notes will mature on July 15, 2030, unless earlier converted, redeemed or repurchased. The conversion rate will initially be 7.6199 shares of common stock per $1,000 principal amount of Notes, subject to adjustment in certain circumstances. This represents an initial conversion price of approximately $131.24 per share, representing a conver ...

Itron® is a registered trademark of Itron, Inc. All third-party trademarks are property of their respective owners and any usage herein does not suggest or imply any relationship between Itron and the third party unless expressly stated. Cautionary Note Regarding Forward Looking Statements This release contains, and our officers and representatives may from time to time make, "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of ...

LIBERTY LAKE, Wash., June 17, 2024 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ:ITRI) (the "Company"), which is innovating new ways for utilities and cities to manage energy and water, today announced that it intends to commence a private offering, subject to market and other conditions, of $500.0 million aggregate principal amount of convertible senior notes due 2030 (the "Notes") to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amend ...

Company Overview - Itron (ITRI) has a current Zacks Rank of 3 (Hold), with a recent increase in the Zacks Consensus EPS estimate by 2.53% over the past month [2] - The company is currently trading at $105.98, reflecting a -1.93% change from the previous day's closing price, and has seen a depreciation of 0.51% over the past month [8] Financial Performance - For the upcoming earnings disclosure, analysts expect Itron to report earnings of $0.94 per share, indicating a year-over-year growth of 44.62%, with a revenue estimate of $599.02 million, up 10.71% from the prior-year quarter [9] - The Zacks Consensus Estimates for the annual period anticipate earnings of $4 per share and revenue of $2.36 billion, representing increases of +19.05% and +8.78% respectively from the last year [6] Valuation Metrics - Itron has a PEG ratio of 1.04, which is significantly lower than the average PEG ratio of 2.78 for Electronics - Testing Equipment stocks [4] - The company is trading with a Forward P/E ratio of 27.01, which is at a premium compared to the industry average Forward P/E of 26.24 [11] Industry Context - Itron operates within the Electronics - Testing Equipment industry, which is part of the Computer and Technology sector, currently holding a Zacks Industry Rank of 97, placing it in the top 39% of over 250 industries [3] - The Zacks Industry Rank indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]