Investors interested in stocks from the Electronics - Testing Equipment sector have probably already heard of Itron (ITRI) and Ametek (AME) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look. We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive estimate revisio ...

LIBERTY LAKE, Wash., Oct. 07, 2024 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ: ITRI), which is innovating new ways for utilities and cities to manage energy and water, today released its 2024 Resourcefulness Insight Report ("the report") that explores the current trends and future expectations of artificial intelligence (AI) and machine learning (ML) on utility operations and strategies. The report, Exploring AI for Utilities: The Promise and Challenges of Artificial Intelligence, summarizes key findings from ...

In the latest trading session, Itron (ITRI) closed at $105.08, marking a -1.62% move from the previous day. This change lagged the S&P 500's 0.93% loss on the day. Elsewhere, the Dow lost 0.41%, while the tech-heavy Nasdaq lost 1.53%. Heading into today, shares of the energy and water meter company had gained 4.49% over the past month, outpacing the Computer and Technology sector's gain of 2.77% and the S&P 500's gain of 2.17% in that time. Investors will be eagerly watching for the performance of Itron in ...

Company Performance - Itron's stock closed at $106.90, reflecting a -0.31% change from the previous day, which is less than the S&P 500's daily gain of 0.25% [1] - The stock has increased by 5.45% over the past month, outperforming the Computer and Technology sector's loss of 0.11% and the S&P 500's gain of 1.65% [1] Upcoming Financial Results - Itron is expected to report an EPS of $1.13, representing a 15.31% increase compared to the same quarter last year [2] - Revenue is anticipated to be $596.37 million, indicating a 6.35% rise from the same quarter last year [2] Fiscal Year Projections - For the entire fiscal year, earnings are projected at $4.59 per share, reflecting a +36.61% change from the prior year [3] - Revenue for the fiscal year is estimated at $2.41 billion, representing a +10.76% increase from the previous year [3] Analyst Estimates and Market Sentiment - Recent modifications to analyst estimates for Itron indicate changing near-term business trends, with positive revisions suggesting optimism about the company's outlook [4] - The Zacks Rank system, which incorporates estimate changes, currently ranks Itron at 3 (Hold) [6] Valuation Metrics - Itron's Forward P/E ratio is 23.37, which is lower than the industry's average Forward P/E of 25.98 [7] - The company has a PEG ratio of 0.9, significantly below the Electronics - Testing Equipment industry's average PEG ratio of 2.66 [7] Industry Context - The Electronics - Testing Equipment industry is part of the Computer and Technology sector and holds a Zacks Industry Rank of 57, placing it in the top 23% of over 250 industries [8] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]

LIBERTY LAKE, Wash., Sept. 19, 2024 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ: ITRI), which is innovating new ways for utilities and cities to manage energy and water, announced the conference schedule for its premier customer-focused event, Itron Inspire 2024, which will be held in Palm Desert, CA, Oct. 4-10, 2024. The in-person conference will bring together industry leaders across energy, water, IIoT and smart cities to address pressing utility challenges and drive the industry forward. "Utilities are faci ...

LIBERTY LAKE, Wash., Sept. 16, 2024 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ: ITRI), which is innovating new ways for utilities and cities to manage energy and water, today announced its participation in the Indonesia International Smart City Expo & Forum (IISMEX), taking place Sept. 18 -20, 2024 at the JIExpo Kemayoran in Jakarta, Indonesia. Itron will showcase its smart city solutions at Itron booth B19 with an emphasis on its latest smart lighting, smart city and smart water solutions. Itron supports citi ...

Itron (ITRI) closed at $103.41 in the latest trading session, marking a +0.85% move from the prior day. This change outpaced the S&P 500's 0.13% gain on the day. Meanwhile, the Dow gained 0.55%, and the Nasdaq, a tech-heavy index, lost 0.52%. Coming into today, shares of the energy and water meter company had gained 5.64% in the past month. In that same time, the Computer and Technology sector gained 1.56%, while the S&P 500 gained 3.67%. Investors will be eagerly watching for the performance of Itron in it ...

Itron's (ITRI) shares have been performing well on the trading front, with a gain of 31.9% year to date (YTD) compared with 16.2% and 2.9% growth of the S&P 500 composite and the sub-industry, respectively. Solid financial performance is driving the stock's performance. The company's earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters with an average surprise of 57%. Closing at $99.65 as of yesterday's trading session, ITRI stock is currently trading 11.9% below its 52-week ...

Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. However, it isn't easy to find a great growth stock. In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end. However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks ...

Core Viewpoint - Itron's shares have shown strong performance with a year-to-date gain of 33.1%, significantly outperforming the S&P 500 and its sub-industry, indicating potential for further upside as the stock is down 16.4% from its 52-week high [1][2] Company Overview - Itron, headquartered in Liberty Lake, WA, is a leading global supplier of various types of meters and communication systems for managing electricity, gas, and water resources [2] - The company has a Zacks Rank 2 (Buy) and a Growth Score of B, suggesting it is a solid investment option [3] Financial Performance - In Q2 2024, Itron reported revenues of $609 million, exceeding the Zacks Consensus Estimate of $600 million, with a year-over-year growth of 13% [4] - The company's bookings were $447 million, and its backlog reached $4.1 billion at the end of the reported quarter [4] Revenue Breakdown - Networked Solutions generated revenues of $412.7 million (67.8% of total), up 14% year-over-year, while Outcomes' revenues were $77.8 million (12.8%), increasing 16% year-over-year [5] Growth Drivers - The Grid Edge Intelligence platform is experiencing momentum due to factors like data center demand, reindustrialization, and electrification trends [6] - The acquisition of Elpis Squared has expanded the platform's solutions, presenting strong opportunities for Itron [7] Future Outlook - Itron anticipates a book-to-bill ratio of at least 1:1 for 2024 and expects Q3 2024 revenues between $590 million and $600 million [8] - The company has revised its full-year revenue outlook for 2024 to between $2.385 billion and $2.415 billion, up from previous guidance [9] Earnings Estimates - The Zacks Consensus Estimate for Itron's 2024 and 2025 revenues is $2.41 billion and $2.5 billion, indicating growth of 10.8% and 3.8% respectively [10] - EPS estimates for 2024 and 2025 are expected to rise 33.3% and 3.6% from prior-year actuals [10] Long-term Growth - Itron's long-term earnings growth rate is projected at 26% [11] Challenges - Rising operating expenses and competition in a soft macroeconomic environment are concerns, with non-GAAP operating expenses increasing by 6.6% year-over-year in Q2 2024 [12] - The company has a leveraged balance sheet, with cash and cash equivalents of $920.6 million and long-term debt of $1.24 billion as of June 30, 2024 [13]