Itron Inc reports results for the quarter ended in January 1 - Earnings Summary

Itron

01/11/2024 03:46

* Itron Inc  ITRI.OQ  reported quarterly adjusted earnings
of
$1.84​​ per share for the quarter ended January 1, higher than
the same quarter last year, when the company reported EPS of 98
cents.  The mean expectation of fourteen analysts for the
quarter was for earnings of $1.13 per share. Wall Street
expected results to range from $1.08  to $1.19 per share.
    * Revenue rose 9.8% to $615.46 million from a year ago;
analysts
expected $595.97 million. 
    * Itron Inc's reported EPS for the quarter was $1.70​.
    * The company reported quarterly net income of $77.96
million.
    * Itron Inc shares had fallen by 2.8% this quarter and
gained 37.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.6%
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 "buy"
and
the breakdown of recommendations is 12 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the electronic
equipment & parts peer group is also "buy"

Wall Street's median 12-month price target for Itron Inc is
125.00 
This summary was machine generated from LSEG data November 1 at
03:46 a.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
 Sep. 30 2024      1.13           1.84           Beat
 Jun. 30 2024      0.96           1.21           Beat
 Mar. 31 2024      0.84           1.24           Beat
 Dec. 31 2023      0.75           1.23           Beat