In the latest trading session, Itron (ITRI) closed at $105.08, marking a -1.62% move from the previous day. The stock outperformed the S&P 500’s loss of 0.93%. Heading into today, ITRI shares had gained 4.49% over the past month, surpassing the Computer and Technology sector’s gain of 2.77%.

Investors are awaiting Itron’s upcoming earnings report, with a predicted EPS of $1.13, a 15.31% increase from the same quarter last year. Revenue is estimated at $596.21 million, up 6.32% from the previous year. Analysts anticipate full-year earnings of $4.58 per share and revenue of $2.41 billion, showing positive growth trends.

Recent analyst revisions for Itron indicate changing business trends. Positive estimate changes often correlate with share price momentum. The Zacks Rank system rates Itron as a #3 (Hold), with potential for stock growth. Valuation metrics show Itron trading at a discount to the industry average, presenting a potential investment opportunity.

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Read more at Nasdaq: Why Itron (ITRI) Dipped More Than Broader Market Today