Itron earnings are booming as utilities and cities are in the midst of an infrastructure push. Thursday's Stock Of The Day broke out.
The headline numbers for Itron (ITRI) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Itron (ITRI) came out with quarterly earnings of $1.21 per share, beating the Zacks Consensus Estimate of $0.96 per share. This compares to earnings of $0.65 per share a year ago.
Itron (ITRI) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
After reaching an important support level, Itron (ITRI) could be a good stock pick from a technical perspective. ITRI surpassed resistance at the 50-day moving average, suggesting a short-term bullish trend.
Itron, Inc. ITRI recently announced that it has effectively deployed more than 1 million Cyble 5 water communication modules. This achievement highlights its commitment to empowering utilities to modernize their distribution networks — a crucial step toward reducing operational expenses and realizing sustainable practices.
Does Itron (ITRI) have what it takes to be a top stock pick for momentum investors? Let's find out.
Itron is targeting a 16% EBITDA margin in 2027, a +6% revenue CAGR for the next four years, which is achievable considering Asia's and the Outcome segment's growth potential. I am predicting a Q2 2024 results beat for ITRI, taking into account its earnings beats track record and the positive business momentum for Asian markets like Australia. The company's bright prospects provide support for a Buy rating.
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Brokers have deeper insights into stocks and macroeconomic factors. So, one should follow broker rating upgrades to pick stocks like Republic Services (RSG), Itron (ITRI) and Owens Corning (OC).
Itron (ITRI) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price increase in the near term.
In the latest trading session, Itron (ITRI) closed at $100, marking a +1.77% move from the previous day.