Itron (ITRI) Declines More Than Market: Some Information for Investors

Company Overview - Itron (ITRI) has a current Zacks Rank of 3 (Hold), with a recent increase in the Zacks Consensus EPS estimate by 2.53% over the past month [2] - The company is currently trading at $105.98, reflecting a -1.93% change from the previous day's closing price, and has seen a depreciation of 0.51% over the past month [8] Financial Performance - For the upcoming earnings disclosure, analysts expect Itron to report earnings of $0.94 per share, indicating a year-over-year growth of 44.62%, with a revenue estimate of $599.02 million, up 10.71% from the prior-year quarter [9] - The Zacks Consensus Estimates for the annual period anticipate earnings of $4 per share and revenue of $2.36 billion, representing increases of +19.05% and +8.78% respectively from the last year [6] Valuation Metrics - Itron has a PEG ratio of 1.04, which is significantly lower than the average PEG ratio of 2.78 for Electronics - Testing Equipment stocks [4] - The company is trading with a Forward P/E ratio of 27.01, which is at a premium compared to the industry average Forward P/E of 26.24 [11] 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 97, placing it in the top 39% of over 250 industries [3] - The Zacks Industry Rank indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]