Itron (ITRI) Stock Moves -0.1%: What You Should Know

Itron (ITRI) closed at $107.36 in the latest trading session, marking a -0.1% move from the prior day. The stock outperformed the S&P 500, which registered a daily loss of 0.51%. At the same time, the Dow lost 0.75%, and the tech-heavy Nasdaq lost 0.28%.Prior to today's trading, shares of the energy and water meter company had lost 0.98% over the past month. This has lagged the Computer and Technology sector's gain of 0.79% and the S&P 500's gain of 2.87% in that time.Investors will be eagerly watching for the performance of Itron in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on February 25, 2025. The company is predicted to post an EPS of $1.05, indicating a 14.63% decline compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $603.26 million, up 4.52% from the prior-year quarter.Investors might also notice recent changes to analyst estimates for Itron. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.74% lower within the past month. As of now, Itron holds a Zacks Rank of #3 (Hold).With respect to valuation, Itron is currently being traded at a Forward P/E ratio of 22.21. This denotes a discount relative to the industry's average Forward P/E of 23.84.Also, we should mention that ITRI has a PEG ratio of 0.89. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As of the close of trade yesterday, the Electronics - Testing Equipment industry held an average PEG ratio of 2.19.The Electronics - Testing Equipment industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 89, which puts it in the top 36% of all 250+ industries.The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming 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 ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks