All You Need to Know About Itron (ITRI) Rating Upgrade to Buy

Core Viewpoint - Itron (ITRI) has been upgraded to a Zacks Rank 2 (Buy) due to an upward trend in earnings estimates, indicating a positive outlook for the company's stock price [1][3]. Earnings Estimates and Stock Price Movement - The Zacks rating system is based on changes in a company's earnings picture, which is a significant factor influencing stock prices [2][4]. - A strong correlation exists between earnings estimate revisions and near-term stock movements, with institutional investors playing a role in this relationship [4][6]. Company Performance and Outlook - The recent upgrade for Itron reflects an improvement in the company's underlying business, suggesting that investors may push the stock price higher [5][10]. - Itron is expected to earn $5.19 per share for the fiscal year ending December 2025, representing a year-over-year change of -7.7%, although estimates have increased by 10.7% over the past three months [8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with a strong historical performance, particularly for Zacks Rank 1 stocks, which have generated an average annual return of +25% since 1988 [7][9]. - Itron's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, indicating a strong potential for market-beating returns in the near term [10].