Here's How Much a $1000 Investment in Itron Made 10 Years Ago Would Be Worth Today

How much a stock's price changes over time is a significant driver for most investors. Not only can price performance impact your portfolio, but it can help you compare investment results across sectors and industries as well.Another thing that can drive investing is the fear of missing out, or FOMO. This particularly applies to tech giants and popular consumer-facing stocks.What if you'd invested in Itron (ITRI) ten years ago? It may not have been easy to hold on to ITRI for all that time, but if you did, how much would your investment be worth today?Itron's Business In-DepthWith that in mind, let's take a look at Itron's main business drivers. Founded in 1977 and headquartered in Liberty Lake, WA, Itron Inc is a technology and services company and one of the leading global suppliers of a wide range of standard, advanced, and smart meters and meter communication systems, including networks and communication modules, software, devices, sensors, data analytics and services to the utility and municipal sectors.Itron solutions (technology, software, and services) are delivered to users as part of a standalone, one-time purchase or end-to-end solution over multiple years.The company generates revenues from three operating segments namely Device Solutions, Networked Solutions and Outcomes. Itron’s total revenues for 2023 came in $2.174 billion.Device Solutions (21% of 2023 revenues) include the offerings of standard gas meters, electricity meters, water meters and communicating meters. These are used for measurement, sensing and control purpose.Networked Solutions (66.7% of 2023 revenues) comprises products and software used for the implementation, installation, and management of communicating devices and data networks. The Industrial Internet of Things (IIoT) solutions supported by this particular segment include advanced metering infrastructure (AMI), automated meter reading (AMR), distributed energy resource management (DERMs), smart grid and distribution automation and several smart city applications (like smart parking, traffic management, air quality monitoring, electric vehicle charging, digital signage, and mitigation for both gas and water systems).Outcomes (12.3% of 2023 revenues) segment includes value-added, enhanced software and services.  These are used to manage, organize, analyze, and interpret raw and aggregated data to improve decision making, boost operational and resource efficiency along with improvement in grid analytics and deliver improved actionable insights for consumers, utilities, and smart cities.Itron operates in a competitive space with its primary competitors Landis+Gyr, LM Ericsson Telephone Company,  Mueller Water Products, and Xylem, Inc. (formerly Sensus).Bottom LineAnyone can invest, but building a successful investment portfolio requires research, patience, and a little bit of risk. So, if you had invested in Itron ten years ago, you're likely feeling pretty good about your investment today.According to our calculations, a $1000 investment made in November 2014 would be worth $2,952.58, or a 195.26% gain, as of November 25, 2024. Investors should keep in mind that this return excludes dividends but includes price appreciation.The S&P 500 rose 189.28% and the price of gold increased 116.52% over the same time frame in comparison.Going forward, analysts are expecting more upside for ITRI. Itron is well-positioned to gain from favorable demand trends across all three business segments. Higher demand for smart water and electric solutions is likely to drive sales in the Device Solutions unit. Strength in the Networked Solutions business, bolstered by new projects and ongoing large-scale deployments, augurs well. Higher recurring revenue streams, services and software are expected to boost the Outcomes segment’s performance. New product launches and solid uptake of the Grid Edge Intelligence solution are a plus. Encouraged by strong demand and a favorable customer shipment schedule, Itron has raised its outlook for full-year 2024. It now expects revenues in the $2.428-$2.438 billion band, up from the prior view of $2.385-$2.415 billion. However, high debt burdens and higher operating costs are woes. The stock is up 15.59% over the past four weeks, and no earnings estimate has gone lower in the past two months, compared to 8 higher, for fiscal 2024. The consensus estimate has moved up as well.Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant 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 ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks