Workflow
Badger Meter (BMI) Outperforms Broader Market: What You Need to Know
Badger MeterBadger Meter(US:BMI) ZACKSยท2024-06-17 23:05

Company Performance - Badger Meter (BMI) closed at $189.01, reflecting a +1.36% change from the previous session, outperforming the S&P 500's daily gain of 0.77% [1] - Analysts expect Badger Meter to report earnings of $0.98 per share, indicating a year-over-year growth of 28.95%, with revenue projected at $199.75 million, a 13.58% increase compared to the same quarter last year [2][10] - Over the past month, Badger Meter shares experienced a loss of 5.45%, underperforming the Computer and Technology sector's loss of 3.05% and the S&P 500's gain of 3.71% [6] Valuation Metrics - Badger Meter has a PEG ratio of 3.08, compared to the industry average of 2.29, indicating a higher valuation relative to expected earnings growth [4] - The company is currently trading at a Forward P/E ratio of 47.95, which is a premium compared to the industry average Forward P/E of 26.16 [8] Analyst Estimates and Rankings - Recent changes in analyst estimates for Badger Meter are crucial as positive revisions indicate a favorable business outlook [7] - Badger Meter holds a Zacks Rank of 1 (Strong Buy), with a historical average annual gain of +25% for 1 ranked stocks since 1988 [11] - The Instruments - Control industry, which includes Badger Meter, has a Zacks Industry Rank of 8, placing it in the top 4% of over 250 industries [12]