Here's Why Itron (ITRI) is a Strong Value Stock

Company Overview - Itron Inc, founded in 1977 and headquartered in Liberty Lake, WA, is a technology and services company that supplies a wide range of standard, advanced, and smart meters, as well as meter communication systems, software, devices, sensors, and data analytics to the utility and municipal sectors [10]. Investment Ratings - Itron is currently rated as 2 (Buy) on the Zacks Rank, with a VGM Score of A, indicating strong potential for investment [10]. - The company has a Value Style Score of B, supported by attractive valuation metrics, including a forward P/E ratio of 23.93, which may appeal to value investors [11]. Earnings Estimates - For fiscal 2024, seven analysts have revised their earnings estimates upwards in the last 60 days, with the Zacks Consensus Estimate increasing by $0.58 to $5.17 per share [11]. - Itron has demonstrated an average earnings surprise of 49.7%, indicating a strong performance relative to expectations [11]. Summary of Investment Potential - With a solid Zacks Rank and top-tier Value and VGM Style Scores, Itron is positioned as a compelling option for investors seeking stocks with high potential for returns [11].