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

Itron

01/08/2024 15:20

* Itron Inc  ITRI.OQ  reported quarterly adjusted earnings
of
$1.21​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of 65
cents.  The mean expectation of twelve analysts for the quarter
was for earnings of 96 cents per share. Wall Street expected
results to range from 92 cents to $1.01 per share.
    * Revenue rose 12.6% to $609.07 million from a year ago;
analysts
expected $599.62 million. 
    * Itron Inc's reported EPS for the quarter was $1.10​.
    * The company reported quarterly net income of $51.32
million.
    * Itron Inc shares had risen by 4.5% this quarter and
gained 37.0%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3.6%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 5
"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
$115.00 
This summary was machine generated from LSEG data August 1 at
02:20 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
 Jan. 1 0001       0.96           1.21           Beat
 Mar. 31 2024      0.84           1.24           Beat
 Dec. 31 2023      0.75           1.23           Beat
 Sep. 30 2023      0.51           0.98           Beat