Why Badger Meter (BMI) Dipped More Than Broader Market Today

In the latest trading session, Badger Meter (BMI) closed at $180.95, marking a -1.08% move from the previous day. The stock trailed the S&P 500, which registered a daily loss of 0.69%. At the same time, the Dow lost 0.55%, and the tech-heavy Nasdaq lost 0.82%. Shares of the manufacturer of products that measure gas and water flow have depreciated by 1.58% over the course of the past month, underperforming the Computer and Technology sector's gain of 3.71%, and the S&P 500's gain of 3.79%.Investors will be eagerly watching for the performance of Badger Meter in its upcoming earnings disclosure. The company is forecasted to report an EPS of $1.12, showcasing a 3.7% upward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $229.81 million, up 10.25% from the year-ago period. For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $4.72 per share and a revenue of $920.26 million, representing changes of +11.58% and +11.34%, respectively, from the prior year. It's also important for investors to be aware of any recent modifications to analyst estimates for Badger Meter. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook. Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system. The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Right now, Badger Meter possesses a Zacks Rank of #4 (Sell). With respect to valuation, Badger Meter is currently being traded at a Forward P/E ratio of 38.76. This expresses a premium compared to the average Forward P/E of 28.31 of its industry. Meanwhile, BMI's PEG ratio is currently 3.22. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As the market closed yesterday, the Instruments - Control industry was having an average PEG ratio of 3.22. The Instruments - Control industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 29, which puts it in the top 12% of all 250+ industries. The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions. 5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the favorite stock to gain +100% or more in the months ahead. They includeStock #1: A Disruptive Force with Notable Growth and ResilienceStock #2: Bullish Signs Signaling to Buy the DipStock #3: One of the Most Compelling Investments in the MarketStock #4: Leader In a Red-Hot Industry Poised for GrowthStock #5: Modern Omni-Channel Platform Coiled to SpringMost of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. While not all picks can be winners, previous recommendations have soared +171%, +209% and +232%.Download Atomic Opportunity: Nuclear Energy's Comeback free today.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 Badger Meter, Inc. (BMI): 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