Itron (ITRI) closed at $86.62 in the latest trading session, marking a +1.23% move from the prior day. The stock's performance was ahead of the S&P 500's daily loss of 0.02%. Meanwhile, the Dow lost 0.35%, and the Nasdaq, a tech-heavy index, lost 0.15%.
Shares of the energy and water meter company have depreciated by 6.88% over the course of the past month, underperforming the Computer and Technology sector's gain of 3.58%, and the S&P 500's gain of 2.05%.
The investment community will be paying close attention to the earnings performance of Itron in its upcoming release. The company is slated to reveal its earnings on October 27, 2026. It is anticipated that the company will report an EPS of $1.57, marking a 1.95% rise compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $596.45 million, reflecting a 2.55% rise from the equivalent quarter last year.
ITRI's full-year Zacks Consensus Estimates are calling for earnings of $6.41 per share and revenue of $2.39 billion. These results would represent year-over-year changes of -10.1% and +0.87%, respectively.
Investors might also notice recent changes to analyst estimates for Itron. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. As of now, Itron holds a Zacks Rank of #2 (Buy).
In terms of valuation, Itron is presently being traded at a Forward P/E ratio of 13.35. This valuation marks a discount compared to its industry average Forward P/E of 24.37.
Meanwhile, ITRI's PEG ratio is currently 1.03. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Electronics - Testing Equipment stocks are, on average, holding a PEG ratio of 2.37 based on yesterday's closing prices.
The Electronics - Testing Equipment industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 17, finds itself in the top 7% echelons 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.
You can find more information on all of these metrics, and much 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).