Itron (Nasdaq: ITRI ) reported earnings on Feb. 13. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Itron beat expectations on revenues and whiffed on earnings per share.
Compared to the prior-year quarter, revenue contracted significantly and GAAP earnings per share expanded.
Gross margins grew, operating margins shrank, net margins increased.
Itron reported revenue of $523.3 million. The 17 analysts polled by S&P Capital IQ expected to see revenue of $471.1 million on the same basis. GAAP reported sales were 19% lower than the prior-year quarter's $642.5 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.58. The 20 earnings estimates compiled by S&P Capital IQ forecast $0.66 per share. GAAP EPS were $0.40 for Q4 compared to -$1.35 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 31.2%, 140 basis points better than the prior-year quarter. Operating margin was 3.4%, 430 basis points worse than the prior-year quarter. Net margin was 3.0%, 1,150 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $484.2 million. On the bottom line, the average EPS estimate is $0.72.
Next year's average estimate for revenue is $2.06 billion. The average EPS estimate is $3.65.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 517 members out of 540 rating the stock outperform, and 23 members rating it underperform. Among 143 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 137 give Itron a green thumbs-up, and six give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Itron is outperform, with an average price target of $47.45.
Looking for alternatives to Itron? It takes more than great companies to build a fortune for the future. Learn the basic financial habits of millionaires next door and get focused stock ideas in our free report, "3 Stocks That Will Help You Retire Rich." Click here for instant access to this free report.
- Add Itron to My Watchlist.