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

Itron

02/11/2023 14:13

* Itron Inc  ITRI.OQ  reported quarterly adjusted earnings
of 98
cents​​ per share for the quarter ended in September, higher
than the same quarter last year, when the company reported EPS
of 23 cents.  The mean expectation of ten analysts for the
quarter was for earnings of 51 cents per share. Wall Street
expected results to range from 46 cents to 63 cents per share.
    * Revenue rose 33.2% to $560.77 million from a year ago;
analysts
expected $540.37 million. 
    * Itron Inc's reported EPS for the quarter was 87 cents​.
    * The company reported quarterly net income of $40.17
million.
    * Itron Inc shares had fallen by 6.2% this quarter and
gained 12.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 16.6%
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 "hold"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 5
"hold" and 2 "sell" or "strong sell." 
    * The average consensus recommendation for the electronic
equipment & parts peer group is also "hold"

Wall Street's median 12-month price target for Itron Inc is
$75.50 
This summary was machine generated from LSEG data November 2 at
02:13 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.51           0.98           Beat
 Jun. 30 2023      0.31           0.65           Beat
 Mar. 31 2023      0.11           0.49           Beat
 Dec. 31 2022      0.09           0.71           Beat