Itron Inc (NASDAQ: ITRI) has reported E.P.S. of $0.98 for its fourth fiscal quarter (ending December 31) versus $0.49 for the same period a year ago — an increase of 100%. Relative to the consensus estimate of $0.75, this was a premium of $0.23. E.P.S. were $2.13 for the latest four quarters through December 31 versus $-0.22 for the same period a year ago.
Recent Price Action
On 2/26/24, Itron Inc (NASDAQ: ITRI) stock enjoyed a major increase of 22.1%, closing at $91.46. Moreover, exceptionally high trading volume at 643% of normal accompanied the advance. Relative to the market the stock has been strong over the last nine months and has risen 18.2% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, ITRI is expected to continue to be an important Value Builder.
Itron has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Itron has a poor Appreciation Score of 16 but a good Power Rating of 80, triggering the Low Neutral Value Trend Rating.
Rating Review
In light of this new information and very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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