The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Itron's revenues will compress -14.9% and EPS will grow 1.1%.
The average estimate for revenue is $524.1 million. On the bottom line, the average EPS estimate is $0.93.
Last quarter, Itron logged revenue of $579.1 million. GAAP reported sales were 5.4% lower than the prior-year quarter's $612.4 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $1.16. GAAP EPS of $0.79 for Q2 were 6.0% lower than the prior-year quarter's $0.84 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 34.0%, 270 basis points better than the prior-year quarter. Operating margin was 9.4%, 120 basis points better than the prior-year quarter. Net margin was 5.5%, 10 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $2.18 billion. The average EPS estimate is $3.87.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 517 members out of 542 rating the stock outperform, and 25 members rating it underperform. Among 129 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 125 give Itron a green thumbs-up, and four 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 $48.59.
- Add Itron to My Watchlist.
Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.