Itron Inc (NASDAQ: ITRI) has reported E.P.S. of $1.13 for its first fiscal quarter (ending March 31) versus $-0.26 for the same period a year ago. This performance was $0.12 better than the consensus estimate of $1.01. For the latest four quarters through March 31, E.P.S. were $3.52 compared to $-0.50 a year ago.
Recent Price Action
Itron Inc (NASDAQ: ITRI) stock enjoyed a very large increase of 9.0% on 5/2/24. The shares closed at $99.82. Moreover, this advance was accompanied by exceptionally high trading volume at 242% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 5.7% 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 B (Positive). 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 26 but a very high Power Rating of 99, and the Positive Value Trend Rating results.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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