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ITRI to Roll Out Cyble 5 in APAC to Boost Water Utilities' Operations
ZACKS· 2025-06-10 15:31
Core Insights - Itron, Inc. is launching its Cyble 5 communication module in the Asia-Pacific region, which enhances mechanical water meters into intelligent devices [2][10] - The Cyble 5 module facilitates a transition to automated metering, helping utilities modernize infrastructure, reduce operational costs, and improve sustainability without extensive replacements [3][10] Product Details - Production of the Cyble 5 module will commence in Q4 2025 at PT Mecoindo in Cikarang, Indonesia [4] - The module includes leak detection capabilities, continuous flow alarms, and hourly data collection, which are crucial for water conservation, especially in warmer climates like Australia and New Zealand [4][5] Market Context - Itron has successfully deployed over 2 million Cyble 5 modules in the EMEA region, with positive outcomes such as reduced water losses reported by utilities like Severn Trent Water [6][10] - The introduction of Cyble 5 in Asia-Pacific is expected to yield similar benefits for local utilities [6] Innovation and Growth - Itron's recent product innovations include the Solar Battery Access Point, set to improve connectivity in areas lacking traditional networks, and the IntelliFLEX energy management system, which optimizes grid capacity [7][8] - For Q2, Itron anticipates revenues between $605 million and $615 million, with non-GAAP EPS projected to be $1.30–$1.40, reflecting a 12% year-over-year increase at the midpoint [8] Stock Performance - Itron currently holds a Zacks Rank 3 (Hold) and has seen a stock price increase of 14.2% over the past year, outperforming the Zacks Electronics - Testing Equipment industry's growth of 0.8% [9]
Itron's Q1 Earnings Ahead: Key Factors Investors Should Watch
ZACKS· 2025-04-29 12:40
Itron, Inc. (ITRI) is slated to report first-quarter 2025 earnings on May 1, before market open. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.) The company expects first-quarter revenues to be between $610 million and $620 million. The Zacks Consensus Estimate is pegged at $614.3 million, indicating an increase of 1.8% from a year ago. Non-GAAP earnings per share are anticipated to be $1.25-$1.35. The Zacks Consensus Estimate is pegged at $1.30 per share. The company reported earn ...
Itron Surges 16% in Past Year: Can the Stock Sustain This Momentum?
ZACKS· 2025-04-01 13:40
Itron Inc (ITRI) stock has proved resilient amid a volatile market environment with a 16.3% gain in the past year. Strong market demand related to grid resiliency, grid capacity, safety and automation is driving demand for ITRI's solutions. ITRI outpaced estimates in each of the trailing four quarters, with the average surprise being 40.8%. It has outperformed its Electronic Test Equipment industry's decline of 8.5% and, the Zacks Computer and Technology sector and the S&P 500 composite's growth of 3.8% and ...