Badger Meter Inc reports results for the quarter ended in June - Earnings Summary

Badger Meter

19/07/2024 15:30

* Badger Meter Inc  BMI.N  reported quarterly adjusted
earnings of
$1.12​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of 76
cents.  The mean expectation of six analysts for the quarter was
for earnings of $1.03 per share. Wall Street expected results to
range from 92 cents to $1.25 per share.
    * Revenue rose 23.2% to $216.66 million from a year ago;
analysts
expected $203.44 million. 
    * Badger Meter Inc's reported EPS for the quarter was
$1.12​.
    * The company reported quarterly net income of $33.06
million.
    * Badger Meter Inc shares had risen by 4.1% this quarter and
gained 25.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.1%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the industrial
machinery & equipment peer group is  "hold."

Wall Street's median 12-month price target for Badger Meter Inc
is $192.00 
This summary was machine generated from LSEG data July 19 at
02:30 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      1.03           1.12           Beat
 Mar. 31 2024      0.82           0.99           Beat
 Dec. 31 2023      0.82           0.84           Beat
 Sep. 30 2023      0.81           0.88           Beat