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

Badger Meter

18/04/2024 15:31

* Badger Meter Inc  BMI.N  reported quarterly adjusted
earnings of
99 cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of 66
cents.  The mean expectation of five analysts for the quarter
was for earnings of 82 cents per share. Wall Street expected
results to range from 75 cents to 86 cents per share.
    * Revenue rose 23.4% to $196.28 million from a year ago;
analysts
expected $182.26 million. 
    * Badger Meter Inc's reported EPS for the quarter was 99
cents​.
    * The company reported quarterly net income of $29.13
million.
    * Badger Meter Inc shares had fallen by 5.4% this
quarter and
lost 0.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.6%
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 "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 3
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the industrial
machinery & equipment peer group is also "hold"

Wall Street's median 12-month price target for Badger Meter Inc
is $151.00 
This summary was machine generated from LSEG data April 18 at
02:31 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
 Mar. 31 2024      0.82           0.99           Beat
 Dec. 31 2023      0.82           0.84           Beat
 Sep. 30 2023      0.81           0.88           Beat
 Jun. 30 2023      0.65           0.76           Beat