Workflow
Badger Meter (BMI) Reports Next Week: Wall Street Expects Earnings Growth
Badger MeterBadger Meter(US:BMI) ZACKSยท2024-07-12 15:02

Core Viewpoint - Badger Meter (BMI) is anticipated to report a year-over-year increase in earnings driven by higher revenues, with a consensus EPS estimate of $0.98 per share, reflecting a 29% increase compared to the previous year [1][2]. Earnings Expectations - The expected quarterly revenue for Badger Meter is $200.88 million, representing a 14.2% increase from the same quarter last year [16]. - The Most Accurate Estimate for Badger Meter is higher than the Zacks Consensus Estimate, leading to a positive Earnings ESP of +1.18%, indicating a likelihood of beating the consensus EPS estimate [5][12]. Historical Performance - Over the last four quarters, Badger Meter has consistently beaten consensus EPS estimates, achieving a surprise of +16.47% in the last reported quarter [13][20]. - The consensus EPS estimate has been revised 3.19% higher in the last 30 days, reflecting analysts' reassessment of the company's earnings potential [23]. Analyst Sentiment - Analysts have recently become more optimistic about Badger Meter's earnings prospects, as indicated by the positive Earnings ESP and a Zacks Rank of 2 (Buy) [5][19]. - The predictive power of the Earnings ESP is notably strong when combined with a favorable Zacks Rank, which increases the likelihood of a positive earnings surprise [18].