Itron (ITRI) Surpasses Q1 Earnings Estimates

Core Insights - Itron reported quarterly earnings of $1.52 per share, exceeding the Zacks Consensus Estimate of $1.30 per share, and showing an increase from $1.24 per share a year ago, resulting in an earnings surprise of 16.92% [1] - The company posted revenues of $607.15 million for the quarter, slightly missing the Zacks Consensus Estimate by 1.16%, but showing a year-over-year increase from $603.44 million [2] - Itron has surpassed consensus EPS estimates in all four of the last quarters and has topped revenue estimates three times during the same period [2] Earnings Outlook - The future performance of Itron's stock will largely depend on management's commentary during the earnings call and the sustainability of its immediate price movement based on the latest earnings numbers and future expectations [3][4] - The current consensus EPS estimate for the upcoming quarter is $1.27, with expected revenues of $602.19 million, and for the current fiscal year, the EPS estimate is $5.40 on revenues of $2.46 billion [7] Industry Context - Itron operates within the Zacks Electronics - Testing Equipment industry, which is currently ranked in the top 38% of over 250 Zacks industries, indicating a favorable industry outlook [8] - Historical data suggests that the top 50% of Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1, which could positively influence Itron's stock performance [8]