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

Itron

03/08/2023 17:01

* Itron Inc  ITRI.OQ  reported quarterly adjusted earnings
of 65
cents​​ per share for the quarter ended in June. The mean
expectation of eight analysts for the quarter was for earnings
of 31 cents per share.
    * Revenue rose 25.3% to $541.07 million from a year ago;
analysts
expected $515.88 million. 
    * Itron Inc's reported EPS for the quarter was 53 cents​.
    * The mean earnings estimate of analysts had risen by
about 21.3%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Itron Inc shares had risen by 6.4% this quarter and
gained 51.5%
so far this year.
    * The company reported quarterly net income of $24.2
million.
    * Wall Street's median 12-month price target for Itron Inc
is
$65.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 5
"hold" and 2 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 3 at 04:00 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.31           0.65           Beat
 Mar. 31 2023      0.11           0.49           Beat
 Dec. 31 2022      0.09           0.71           Beat
 Sep. 30 2022      0.22           0.23           Beat