Badger Meter (BMI) ended the recent trading session at $123.54, demonstrating a -1.94% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily loss of 0.25%. At the same time, the Dow lost 0.86%, and the tech-heavy Nasdaq gained 0.24%.
Shares of the manufacturer of products that measure gas and water flow witnessed a loss of 4.75% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 4%, and the S&P 500's loss of 0.42%.
The upcoming earnings release of Badger Meter will be of great interest to investors. The company is predicted to post an EPS of $1.21, indicating a 1.68% growth compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $240.55 million, up 2.08% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $4.5 per share and a revenue of $912.38 million, signifying shifts of -6.05% and -0.47%, respectively, from the last year.
It is also important to note the recent changes to analyst estimates for Badger Meter. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Badger Meter is currently a Zacks Rank #3 (Hold).
In terms of valuation, Badger Meter is presently being traded at a Forward P/E ratio of 27.97. This denotes no noticeable deviation relative to the industry average Forward P/E of 27.97.
Investors should also note that BMI has a PEG ratio of 3.11 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. BMI's industry had an average PEG ratio of 2.18 as of yesterday's close.
The Instruments - Control industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 107, which puts it in the top 44% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Badger Meter, Inc. (BMI): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).