Badger Meter stock drops despite positive earnings and revenue projections.

From Nasdaq: 2024-08-23 18:00:03

In the latest market close, Badger Meter (BMI) reached $202.94, with a -0.18% movement compared to the previous day. The stock has climbed by 0.88% in the past month and upcoming earnings disclosure projects an increase in earnings and revenue. Analyst estimates and Zacks Rank based on estimate changes are positive, with a current Zacks Rank of #2 (Buy).

From a valuation perspective, Badger Meter’s Forward P/E ratio is at 50.11, higher than the industry average of 24.18. The PEG ratio of 2.8 indicates expected earnings growth. The Instruments – Control industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 60. Stay updated on these stock metrics and trading sessions on Zacks.com.

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Read more at Nasdaq: Badger Meter (BMI) Stock Drops Despite Market Gains: Important Facts to Note