Badger Meter (BMI) closed at $127.97 in the latest trading session, marking a -1.41% move from the prior day. The stock trailed the S&P 500, which registered a daily gain of 0.41%. Meanwhile, the Dow experienced a rise of 1.73%, and the technology-dominated Nasdaq saw a decrease of 0.09%.
Heading into today, shares of the manufacturer of products that measure gas and water flow had gained 4.89% over the past month, lagging the Computer and Technology sector's gain of 10.03% and outpacing the S&P 500's gain of 4.59%.
The investment community will be paying close attention to the earnings performance of Badger Meter in its upcoming release. The company's upcoming EPS is projected at $1.01, signifying a 13.68% drop compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $219.66 million, down 7.75% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $4.51 per share and revenue of $909.27 million, which would represent changes of -5.85% and -0.81%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Badger Meter. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate has moved 0.28% higher within the past month. Badger Meter presently features a Zacks Rank of #4 (Sell).
Looking at its valuation, Badger Meter is holding a Forward P/E ratio of 28.78. This expresses no noticeable deviation compared to the average Forward P/E of 28.78 of its industry.
It is also worth noting that BMI currently has a PEG ratio of 2.33. 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. As the market closed yesterday, the Instruments - Control industry was having an average PEG ratio of 1.94.
The Instruments - Control industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 201, putting it in the bottom 18% 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Badger Meter, Inc. (BMI): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).