
- Itron’s first quarter adjusted earnings per share (EPS) were $1.52, outperforming the previous year’s $1.24 and exceeding the estimate of $1.29.
- Revenue for Itron in the first quarter was $607.2 million, which marks a 0.6% increase year-over-year but fell short of the $614.1 million estimate.
- According to CEO Tom Deitrich, the company’s margin expansion and earnings growth surpassed expectations due to a favorable product mix and strong execution.
- Customer demand for Itron’s solutions remained consistent, driven by interest in grid efficiency, automation, and agile infrastructure.
- The stock is currently rated with 12 buy recommendations, 3 hold recommendations, and no sell recommendations.
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Itron Inc on Smartkarma
Analyst coverage of Itron Inc. on Smartkarma by Baptista Research showcases a positive outlook on the company’s performance. In their research reports titled “Itron Inc.: Strengthening Partnerships & Strategic M&A – The Secret to Maximizing Profits While Navigating Uncertainty!” and “Itron Inc.: Grid Edge Intelligence Expansion Fueling Our βOutperformβ Rating! – Major Drivers,” Baptista Research highlights Itron’s success in providing energy and water management solutions. The reports praise Itron’s strong financial results, with record revenues and growth in key segments like Network Solutions and Outcomes.
Specifically, Itron reported impressive fourth-quarter revenue of $613 million, showing a 6% year-over-year increase, and third quarter total revenue of $615 million, marking a 10% increase year-over-year. With a focus on operational efficiencies and strategic market expansions, Baptista Research leans bullish on Itron Inc.’s future prospects, emphasizing the company’s potential for profitability and growth in navigating market uncertainties.
A look at Itron Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 1 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Itron Inc shows a promising long-term outlook. With a high Growth score of 5 and Momentum score of 5, the company is poised for expansion and has strong market traction. Additionally, its Value and Resilience scores of 3 indicate a solid foundation and a certain level of stability in the face of market fluctuations. However, the lower Dividend score of 1 suggests that the company may not be a top choice for investors seeking regular income streams.
Itron, Inc. specializes in providing innovative solutions for tracking and analyzing electric, gas, and water usage data for the utility industry. The company offers a range of products including hardware, software, and integrated systems for electronic meter reading and automatic meter reading. With a focus on efficiency and technology, Itron aims to transform the way utilities manage and utilize data for better decision-making and operational excellence.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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