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

Itron

02/05/2024 16:24

* Itron Inc  ITRI.OQ  reported quarterly adjusted earnings
of
$1.24​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of 49
cents.  The mean expectation of twelve analysts for the quarter
was for earnings of 84 cents per share. Wall Street expected
results to range from 79 cents to 90 cents per share.
    * Revenue rose 22% to $603.44 million from a year ago;
analysts
expected $579.49 million. 
    * Itron Inc's reported EPS for the quarter was $1.12​.
    * The company reported quarterly net income of $51.72
million.
    * Itron Inc shares had fallen by 1.1% this quarter and
gained 21.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 42.6%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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
$105.00 
This summary was machine generated from LSEG data May 2 at 03:24
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      0.84           1.24           Beat
 Dec. 31 2023      0.75           1.23           Beat
 Sep. 30 2023      0.51           0.98           Beat
 Jun. 30 2023      0.31           0.65           Beat