Itron(US:ITRI) ZACKSยท2024-11-05 18:00Company Overview - Itron (ITRI) currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2] - The company has a Zacks Rank of 2 (Buy), suggesting a favorable outlook for investors [3] Price Performance - Itron shares have increased by 8.67% over the past week, outperforming the Zacks Electronics - Testing Equipment industry, which rose by 4.04% [5] - Over the last month, Itron's stock price has changed by 9.21%, compared to the industry's 3.52% [5] - In the last quarter, Itron shares have gained 21.64%, and over the past year, they have surged by 76.9%, while the S&P 500 has only increased by 7.29% and 32.85% respectively [6] Trading Volume - Itron's average 20-day trading volume is 552,004 shares, which serves as a baseline for price-to-volume analysis [7] Earnings Outlook - In the past two months, five earnings estimates for Itron have been revised upwards, while none have been lowered, leading to an increase in the consensus estimate from $4.59 to $4.95 [9] - For the next fiscal year, four estimates have moved up, while two have been revised down [9] Conclusion - Given the strong momentum indicators and positive earnings outlook, Itron is positioned as a solid momentum pick with a 2 (Buy) rating and a Momentum Score of A [10]