Positive earnings and revenue estimates, potential stock price growth, rating at #2 (Buy) by Zacks

From Barchart: 2024-07-12 18:15:18

In the latest trading session, Badger Meter (BMI) closed at $192.99, a +0.17% change from the previous day. The stock’s rise was lower than the S&P 500, Dow, and Nasdaq. Over the past month, BMI shares have gone up by 2.04%, underperforming its sector and the S&P 500.

Badger Meter is set to report its earnings on July 19, 2024, with an expected EPS of $0.98, a 28.95% increase from last year. Analysts predict revenue to reach $200.88 million, a 14.23% rise. Zacks Consensus Estimates for the full year show expected earnings of $3.94 per share and revenue of $804.22 million.

Positive analyst estimate revisions indicate potential stock price growth for Badger Meter. Use the Zacks Rank system, with BMI currently rated at #2 (Buy). The system has historically outperformed, with a 1.32% increase in EPS estimate over the last 30 days. Market participants should also consider valuation metrics like Forward P/E (48.9) and PEG ratio (2.92).

The Instruments – Control industry, where BMI belongs, is in the top 14% among over 250 industries, with a Zacks Industry Rank of 33. BMI is trading at a premium to the industry based on Forward P/E and PEG ratio. Follow Badger Meter on Zacks.com for the latest news and updates on its performance in the market.



Read more at Barchart: Badger Meter (BMI) Gains But Lags Market: What You Should Know