Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Why Itron Inc. Shares Popped Today

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  ) are trading nearly 12% higher this afternoon after the smart-meter specialist reported a double beat on its first-quarter earnings.

So what: Itron finished up its first quarter with $474.7 million in revenue -- a 6% year-over-year gain -- and earnings of $0.31 per share, and both results trounced Wall Street's expectations, which had sought $443.4 million in revenue and $0.26 in EPS. The company held off on updating its guidance, which was last provided in the previous quarter, until its next quarterly earnings release, but it did announce the impending departure of CFO Steve Helmbrecht, who will remain at his post until the end of the year so a replacement can be found for this vital executive position.

Now what: While the double beat was a good reward for patient investors, it can hardly erase the fact that Itron's core metrics have all been in decline since mid-2012, and the stock has also lingered in a low place since then as well. Today's pop is just another day in the zig-zag performance of this rather volatile stock, but in the end shares have often wound up trading near where they were last month, or last year, after absorbing a big move in one direction or the other. I wouldn't read too much into today's pop, as it's too early in Itron's turnaround efforts for investors to embrace its shares again.

3 stocks poised to be multi-baggers
The one sure way to get wealthy is to invest in a groundbreaking company that goes on to dominate a multibillion-dollar industry. Our analysts have found multi-bagger stocks time and again. And now they think they've done it again with three stock picks that they believe could generate the same type of phenomenal returns. They've revealed these picks in a new free report that you can download instantly by clicking here now.

Read/Post Comments (0) | Recommend This Article (2)

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.

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: 2930926, ~/Articles/ArticleHandler.aspx, 8/30/2015 4:26:37 PM

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...

Alex Planes

Alex Planes specializes in the deep analysis of tech, energy, and retail companies, with a particular focus on the ways new or proposed technologies can (and will) shape the future. He is also a dedicated student of financial and business history, often drawing on major events from the past to help readers better understand what's happening today and what might happen tomorrow.

Connect with Alex on LinkedIn or Twitter for more news and insight:

View Alex Planes's profile on LinkedIn

Today's Market

updated 1 day ago Sponsored by:
DOW 16,643.01 -11.76 -0.07%
S&P 500 1,988.87 1.21 0.06%
NASD 4,828.33 15.62 0.32%

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

8/28/2015 4:00 PM
ITRI $30.03 Up +0.39 +1.32%
Itron, Inc. CAPS Rating: **