Itron (ITRI) Outperforms Broader Market: What You Need to Know

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]