Badger Meter (BMI) closed at $130.52 in the latest trading session, marking a +1.63% move from the prior day. This move lagged the S&P 500's daily gain of 1.75%. Elsewhere, the Dow saw an upswing of 1.86%, while the tech-heavy Nasdaq appreciated by 2.54%.
Coming into today, shares of the manufacturer of products that measure gas and water flow had gained 10.65% in the past month. In that same time, the Computer and Technology sector lost 3.11%, while the S&P 500 lost 1.63%.
Investors will be eagerly watching for the performance of Badger Meter in its upcoming earnings disclosure. The company is forecasted to report an EPS of $1.01, showcasing a 13.68% downward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $219.66 million, reflecting a 7.75% fall from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $4.51 per share and revenue of $909.27 million. These totals would mark changes of -5.85% and -0.81%, respectively, from last year.
It's also important for investors to be aware of any recent modifications 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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.
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. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.28% higher. Currently, Badger Meter is carrying a Zacks Rank of #5 (Strong Sell).
Looking at valuation, Badger Meter is presently trading at a Forward P/E ratio of 28.48. This valuation marks no noticeable deviation compared to its industry average Forward P/E of 28.48.
Meanwhile, BMI's PEG ratio is currently 2.3. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As the market closed yesterday, the Instruments - Control industry was having an average PEG ratio of 1.83.
The Instruments - Control industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 229, placing it within the bottom 7% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within 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).