Itron(ITRI) ZACKS·2025-02-20 15:26Core Viewpoint - Itron, Inc. (ITRI) is expected to report fourth-quarter 2024 earnings on February 25, with anticipated revenues between 610 million, reflecting a 4.5% year-over-year increase [1][2]. Financial Performance - The Zacks Consensus Estimate for fourth-quarter revenues is 1.00 and 1.05 [2]. - Itron has consistently beaten the Zacks Consensus Estimate in the past four quarters, with an average surprise of 49.7%. The stock has appreciated by 31.5% over the past year, significantly outperforming the Zacks Electronics-Testing Equipment industry's growth of 3.8% [3]. Key Factors Influencing Performance - Healthy demand momentum, robust operational execution, and the timing of customer shipments are expected to positively impact Itron's fourth-quarter performance [4]. - Continued strength in the Grid Edge Intelligence platform is a significant growth driver, supported by factors such as data center demand growth, reindustrialization, production localization, and electrification of transportation and homes [5]. - Increased demand for electric vehicles (EVs) and distributed energy resources (DERs) is likely to enhance customer bookings, with management focusing on leveraging AI and ML solutions for infrastructure modernization [6]. Segment Performance - The Device Solutions segment is anticipated to generate revenues of 407.6 million, benefiting from higher recurring revenues, while the Networked Solutions segment is projected to bring in $78.6 million [7]. Recent Developments - Itron has formed partnerships with Encycle Technologies, Xcel Energy, and Jemena to enhance energy management efficiency and address evolving energy needs, focusing on integrating DERs and improving grid reliability [9][11][12]. Earnings Prediction - Current models do not predict an earnings beat for Itron this quarter, with an Earnings ESP of 0.00% and a Zacks Rank of 3 (Hold) [13].