Itron (ITRI) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - Itron reported revenue of $612.86 million for Q4 2024, a year-over-year increase of 6.2%, with an EPS of $1.35 compared to $1.23 a year ago, exceeding both revenue and EPS estimates [1] - The company’s total bookings reached $1.40 billion, significantly surpassing the average estimate of $1.12 billion from three analysts [4] Revenue Breakdown - Revenue from Networked Solutions was $413.14 million, slightly above the average estimate of $409.17 million, reflecting a year-over-year increase of 5.7% [4] - Revenue from Outcomes was $91.19 million, exceeding the average estimate of $78.64 million, with a year-over-year growth of 25.4% [4] - Revenue from Device Solutions was $108.54 million, below the average estimate of $115.63 million, indicating a year-over-year decline of 4.4% [4] - Total Product Revenue was reported at $532.40 million, slightly above the average estimate of $525.54 million [4] - Total Service Revenue reached $80.46 million, exceeding the average estimate of $77.03 million [4] Performance Metrics - Itron's stock has returned -12.3% over the past month, compared to a -1.8% change in the Zacks S&P 500 composite [3] - The company currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]