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

In the latest trading session, Itron (ITRI) closed at $123.11, marking a -1.29% move from the previous day. This change lagged the S&P 500's 0.29% loss on the day. Meanwhile, the Dow experienced a drop of 0.37%, and the technology-dominated Nasdaq saw a decrease of 0.34%. Coming into today, shares of the energy and water meter company had gained 0.53% in the past month. In that same time, the Computer and Technology sector gained 8.98%, while the S&P 500 gained 3.08%. The investment community will be closely monitoring the performance of Itron in its forthcoming earnings report. The company is predicted to post an EPS of $1.48, indicating a 19.57% decline compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $576.45 million, indicating a 6.34% decrease compared to the same quarter of the previous year. For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $5.98 per share and a revenue of $2.37 billion, representing changes of +6.41% and -2.76%, respectively, from the prior year. It is also important to note the recent changes to analyst estimates for Itron. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook. Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system. The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Itron currently has a Zacks Rank of #2 (Buy). Investors should also note Itron's current valuation metrics, including its Forward P/E ratio of 20.85. For comparison, its industry has an average Forward P/E of 23.46, which means Itron is trading at a discount to the group. Investors should also note that ITRI has a PEG ratio of 0.69 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Electronics - Testing Equipment industry currently had an average PEG ratio of 2.68 as of yesterday's close. The Electronics - Testing Equipment industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 23, this industry ranks in the top 10% of all industries, numbering over 250. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions. Quantum Computing Stocks Set To SoarArtificial intelligence has already reshaped the investment landscape, and its convergence with quantum computing could lead to the most significant wealth-building opportunities of our time.Today, you have a chance to position your portfolio at the forefront of this technological revolution. In our urgent special report, Beyond AI: The Quantum Leap in Computing Power, you'll discover the little-known stocks we believe will win the quantum computing race and deliver massive gains to early investors.Access the Report Free Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Itron, Inc. (ITRI): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks