Itron (ITRI) closed at $84.37 in the latest trading session, marking a -1.88% move from the prior day. This change lagged the S&P 500's 0.19% loss on the day. Meanwhile, the Dow lost 0.59%, and the Nasdaq, a tech-heavy index, lost 0.05%.
The energy and water meter company's stock has climbed by 6.41% in the past month, exceeding the Computer and Technology sector's loss of 4.32% and the S&P 500's gain of 0.55%.
The upcoming earnings release of Itron will be of great interest to investors. The company's earnings report is expected on July 28, 2026. On that day, Itron is projected to report earnings of $1.3 per share, which would represent a year-over-year decline of 19.75%. Meanwhile, the latest consensus estimate predicts the revenue to be $564.72 million, indicating a 6.93% decrease compared to the same quarter of the previous year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $6.01 per share and a revenue of $2.38 billion, signifying shifts of -15.71% and +0.34%, respectively, from the last year.
Investors should also take note of any recent adjustments to analyst estimates for Itron. These revisions typically reflect the latest short-term business trends, which can change frequently. 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. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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 has moved 0.02% higher within the past month. Itron is currently sporting a Zacks Rank of #5 (Strong Sell).
Looking at valuation, Itron is presently trading at a Forward P/E ratio of 14.31. This valuation marks a discount compared to its industry average Forward P/E of 24.96.
It is also worth noting that ITRI currently has a PEG ratio of 0.75. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Electronics - Testing Equipment industry had an average PEG ratio of 2.04 as trading concluded yesterday.
The Electronics - Testing Equipment industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 56, positioning it in the top 23% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Itron, Inc. (ITRI): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).