Itron (ITRI) Stock Falls Amid Market Uptick: What Investors Need to Know

Company Performance - Itron's stock closed at $103.36, reflecting a -0.24% change from the previous trading day's closing, underperforming the S&P 500 which gained 0.16% [1] - The stock has decreased by 7.44% over the past month, compared to a loss of 1.29% in the Computer and Technology sector and a 2.2% loss in the S&P 500 [1] Earnings Forecast - Itron is expected to report an EPS of$ 1.05, indicating a 14.63% decline year-over-year [2] - Revenue is forecasted to be $603.26 million, representing a 4.52% growth compared to the same quarter last year [2] Analyst Estimates - Recent changes to analyst estimates for Itron suggest a shifting business landscape, with positive revisions indicating analyst optimism about the company's profitability [3] - The Zacks Consensus EPS estimate has decreased by 0.49% over the past month, and Itron currently holds a Zacks Rank of 3 (Hold) [5] Valuation Metrics - Itron has a Forward P/E ratio of 21.36, which is lower than the industry average of 24.4 [5] - The company holds a PEG ratio of 0.85, compared to the Electronics - Testing Equipment industry's average PEG ratio of 2.26 [6] Industry Context - The Electronics - Testing Equipment industry is part of the Computer and Technology sector and has a Zacks Industry Rank of 210, placing it in the bottom 17% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]