Workflow
Badger Meter (BMI) Ascends But Remains Behind Market: Some Facts to Note
Badger MeterBadger Meter(US:BMI) ZACKSยท2024-06-11 23:01

Company Performance - Badger Meter (BMI) ended the latest trading session at $185.98, reflecting a slight increase of +0.01% from the previous close, underperforming the S&P 500's daily gain of 0.27% [1] - Over the last month, Badger Meter's shares have decreased by 4.24%, which is better than the Computer and Technology sector's loss of 4.82% but worse than the S&P 500's gain of 2.85% [6] Earnings and Revenue Estimates - For the entire fiscal year, earnings are projected at $3.89 per share and revenue at $799.07 million, indicating increases of +23.89% and +13.57% respectively from the prior year [2] - The upcoming earnings report is expected to show EPS of $0.98, representing a growth of 28.95% from the same quarter last year, with revenue forecasted at $199.75 million, indicating a 13.58% increase year-over-year [7] Analyst Ratings and Valuation - Badger Meter currently holds a Zacks Rank of 1 (Strong Buy), which has historically produced an average annual return of +25% since 1988 [3] - The company is trading at a Forward P/E ratio of 47.82, which is a premium compared to the industry average Forward P/E of 26.37 [4] - The PEG ratio for Badger Meter is 3.07, higher than the industry average PEG ratio of 2.3 [10] Industry Context - The Instruments - Control industry, which includes Badger Meter, ranks in the top 4% of all industries according to the Zacks Industry Rank [11]