From Nasdaq: 2024-06-14 06:30:00

Badger Meter, Inc. (BMI) has seen a 22.1% gain year to date, outperforming the S&P 500 and sub-industry growth. With a Zacks Rank #1 and a Growth Score of B, BMI is a strong investment choice. The stock offers an average earnings surprise of 12.7% and a long-term growth rate of 15.6%.

BMI’s success is driven by its smart water solutions, leading to increased demand. Margins have improved, with operating earnings of $36.6 million in Q1 2024. The company’s acquisitions and debt-free balance sheet are positive factors. However, BMI faces headwinds like tough year-over-year comparisons and higher expenses.

Estimates show an upward trend for BMI, with expected EPS growth of 23.9% and 10.1% for 2024 and 2025. Revenue projections also look promising, with estimates increasing for both years. Analysts are optimistic, reflected in the rising consensus estimates.

Other top-ranked technology stocks to consider are Alphabet (GOOGL), Arista Networks (ANET), and Woodward Inc (WWD). Each stock boasts a Zacks Rank #1, with strong growth potential. These companies have demonstrated consistently positive earnings surprises and strong stock performance in the past year.

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Read more at Nasdaq: Badger Meter (BMI) Surges 22.1% YTD: Will the Rally Continue?