Why Itron Shares Got Crushed

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of Itron (NASDAQ: ITRI  ) got crushed today by as much as 12% after the company reported weaker-than-expected earnings.

So what: Revenue during the fourth quarter added up to $523 million, with non-GAAP earnings per share of $0.58. The fact that sales toppled the consensus estimate of $472.9 million was little consolation for the notable miss on the bottom-line result, since investors were expecting a profit of $0.66 per share.

Now what: It gets worse. Guidance calls for full-year sales of $2 billion to $2.1 billion, which should translate into adjusted earnings per share of just $3.00 to $3.25. That hardly compares to the $3.66 per share profit that analysts were modeling for. As a result, the stock has received numerous downgrades today from analysts, including J.P. Morgan, Brean Capital, and Needham.

Interested in more info on Itron? Add it to your watchlist by clicking here.

A fresh idea for 2013
The Motley Fool's chief investment officer has selected his No. 1 stock for the next year. Find out which stock it is in our brand-new free report: "The Motley Fool's Top Stock for 2013." I invite you to take a copy, free for a limited time. Just click here to access the report and find out the name of this under-the-radar company.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2256516, ~/Articles/ArticleHandler.aspx, 9/27/2016 10:05:48 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 18,112.43 17.60 0.10%
S&P 500 2,149.49 3.39 0.16%
NASD 5,270.96 13.47 0.26%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/27/2016 9:50 AM
ITRI $54.84 Down -0.02 -0.04%
Itron CAPS Rating: **