Itron(US:ITRI) ZACKSยท2024-09-24 23:20Company 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]