Badger Meter (BMI) Q3 Earnings Top Estimates

Company Performance - Badger Meter reported quarterly earnings of $1.08 per share, exceeding the Zacks Consensus Estimate of $1.02 per share, and up from $0.88 per share a year ago, representing an earnings surprise of 5.88% [1] - The company posted revenues of $208.44 million for the quarter ended September 2024, slightly missing the Zacks Consensus Estimate by 0.28%, compared to $186.19 million in the same quarter last year [1] - Over the last four quarters, Badger Meter has surpassed consensus EPS estimates four times and topped consensus revenue estimates three times [1] Stock Performance - Badger Meter shares have increased approximately 42.4% since the beginning of the year, outperforming the S&P 500's gain of 22.5% [2] - The current consensus EPS estimate for the upcoming quarter is $0.97 on revenues of $200.25 million, and for the current fiscal year, it is $4.10 on revenues of $822.42 million [4] Industry Outlook - The Instruments - Control industry, to which Badger Meter belongs, is currently ranked in the top 27% of over 250 Zacks industries, indicating a favorable outlook [5] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Badger Meter's stock performance [3]