Itron (ITRI) Beats Stock Market Upswing: What Investors Need to Know

Company Performance - Itron's stock closed at $132.78, reflecting a +1.17% change from the previous day, outperforming the S&P 500's daily gain of 0.8% [1] - Over the past month, Itron's shares have increased by 15.86%, while the Computer and Technology sector gained 8.5% and the S&P 500 gained 5.12% [1] Upcoming Financial Results - Analysts expect Itron to report earnings of $1.33 per share, indicating a year-over-year growth of 9.92% [2] - The consensus estimate for revenue is $609.26 million, showing a slight increase of 0.03% from the same quarter last year [2] Full Year Projections - For the full year, earnings are projected at $5.45 per share, reflecting a decrease of -3.02% from the previous year, while revenue is expected to be $2.46 billion, showing an increase of +0.76% [3] Analyst Estimates and Market Sentiment - Recent modifications to analyst estimates indicate evolving short-term business trends, with upward revisions suggesting positive sentiment towards Itron's operations [4] - The Zacks Rank system, which evaluates these estimate changes, currently ranks Itron at 3 (Hold) [6] Valuation Metrics - Itron's Forward P/E ratio is 24.08, which is a discount compared to the industry average Forward P/E of 24.57 [7] - The company has a PEG ratio of 0.83, significantly lower than the industry average PEG ratio of 2.67 [7] Industry Context - Itron operates within the Electronics - Testing Equipment industry, which is part of the Computer and Technology sector, currently holding a Zacks Industry Rank of 96, placing it in the top 40% of all industries [8]