Time New York: Sun 25 Sep 03:11 am  |  Save 15% on H&R Block Online


Surging Earnings Estimates Signal Good News for Itron (ITRI)


Itron, Inc. ITRI which provides integrated system solutions for energy and water usage could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on ITRI’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Itron could be a solid choice for investors.

Current Quarter Estimates for ITRI

In the past 30 days, 2 estimates have gone higher for Itron while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing/narrowing from 55 cents a share 30 days ago, to 63 cents today, a move of 14.6%.

Current Year Estimates for ITRI

Meanwhile, Itron’s current year figures are also looking quite promising, with 4 estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from $2.07 per share 30 days ago to $2.33 per share today, an increase of 12.6%.

ITRON INC Price and Consensus

ITRON INC Price and Consensus | ITRON INC Quote

Bottom Line

The stock has also started to move higher lately, adding 13% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here

Confidential from Zacks

Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

To read this article on Zacks.com click here.
<-- You can share this post with your network,
or give us your opinion and leave a comment.
Be sure to check our RSS feeds for updates.