Badger Meter (BMI) ended the recent trading session at $144.30, demonstrating a -1.73% change from the preceding day's closing price. This change lagged the S&P 500's 1.52% loss on the day. Meanwhile, the Dow experienced a drop of 1.56%, and the technology-dominated Nasdaq saw a decrease of 1.78%.
Prior to today's trading, shares of the manufacturer of products that measure gas and water flow had lost 6.42% lagged the Computer and Technology sector's loss of 1.66% and the S&P 500's loss of 2.25%.
Analysts and investors alike will be keeping a close eye on the performance of Badger Meter in its upcoming earnings disclosure. On that day, Badger Meter is projected to report earnings of $1.22 per share, which would represent a year-over-year decline of 6.15%. Simultaneously, our latest consensus estimate expects the revenue to be $231.56 million, showing a 4.21% escalation compared to the year-ago quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $5.03 per share and revenue of $968.27 million, indicating changes of +5.01% and +5.63%, respectively, compared to the previous year.
Investors might also notice recent changes to analyst estimates for Badger Meter. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
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 past month, the Zacks Consensus EPS estimate remained stagnant. As of now, Badger Meter holds a Zacks Rank of #5 (Strong Sell).
Investors should also note Badger Meter's current valuation metrics, including its Forward P/E ratio of 29.17. This represents a premium compared to its industry average Forward P/E of 25.61.
Investors should also note that BMI has a PEG ratio of 2.36 right now. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. By the end of yesterday's trading, the Instruments - Control industry had an average PEG ratio of 1.7.
The Instruments - Control industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 187, this industry ranks in the bottom 24% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Badger Meter, Inc. (BMI): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).