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BMI's performance gains from a strong opportunity funnel, bid pipeline, order rates and increasing SaaS revenues. However, external risks warrant caution.
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Badger Meter (BMI) could produce exceptional returns because of its solid growth attributes.
Here is how Badger Meter (BMI) and Blend Labs (BLND) have performed compared to their sector so far this year.
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
Badger Meter has a track record of strong revenue growth, improved profit margins, and an attractive ROIC, making it a high-quality business for dividend growth-focused investors. Despite an impressive 32-year streak of dividend growth, recent earnings indicate a slowdown in revenue growth, affecting the stock's valuation. The company's Q3 earnings report showed a mixed performance, with a record operating margin but slowing revenue growth, leading to a stock price dip.
Badger Meter, Inc BMI reported earnings per share (EPS) of $1.08 for third-quarter 2024, beating the Zacks Consensus Estimate by 5.9%. Also, the bottom line compared favorably with the year-ago quarter's EPS of 88 cents.
Badger Meter (BMI) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.
Badger Meter, Inc. (NYSE:BMI ) Q3 2024 Earnings Conference Call October 17, 2024 11:00 AM ET Company Participants Karen Bauer - VP of IR, Corporate Strategy and Treasurer Ken Bockhorst - Chairman, President and CEO Bob Wrocklage - CFO Conference Call Participants Scott Graham - Seaport Research Partners Andrew Krill - Deutsche Bank Robert Mason - Baird Adam Farley - Stifel Tate Sullivan - Maxim Group Operator Ladies and gentlemen, welcome to the Third Quarter 2024 Badger Meter Earnings Conference Call. [Operator Instructions] It's now my pleasure to turn the conference over to Karen Bauer, Vice President of Investor Relations, Corporate Strategy and Treasurer.
Badger Meter delivered impressive but less-than-perfect Q3 results, sending its shares down today.
Badger Meter (BMI) came out with quarterly earnings of $1.08 per share, beating the Zacks Consensus Estimate of $1.02 per share. This compares to earnings of $0.88 per share a year ago.