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

In the latest market close, Itron (ITRI) reached $94.38, with a -0.43% movement compared to the previous day. This change lagged the S&P 500's daily loss of 0.23%. Elsewhere, the Dow lost 0.91%, while the tech-heavy Nasdaq added 0.1%.The the stock of energy and water meter company has fallen by 10.42% in the past month, leading the Computer and Technology sector's loss of 16.18% and the S&P 500's loss of 12.13%.Analysts and investors alike will be keeping a close eye on the performance of Itron in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $1.30, marking a 4.84% rise compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $614.27 million, showing a 1.8% escalation compared to the year-ago quarter.Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $5.40 per share and revenue of $2.46 billion, indicating changes of -3.91% and +0.61%, respectively, compared to the previous year.Investors should also take note of any recent adjustments to analyst estimates for Itron. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.47% higher. Itron currently has a Zacks Rank of #2 (Buy).From a valuation perspective, Itron is currently exchanging hands at a Forward P/E ratio of 17.55. This signifies a discount in comparison to the average Forward P/E of 19.45 for its industry.It is also worth noting that ITRI currently has a PEG ratio of 0.61. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. ITRI's industry had an average PEG ratio of 2.09 as of yesterday's close.The Electronics - Testing Equipment industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 86, which puts it in the top 35% 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.Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.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 ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks