Itron Inc
Electrical Equipment
Itron Inc (ITRI) Stock News
The latest ITRI headlines and market coverage — 2 recent stories, updated throughout the day.
- Zacks Investment Research·
Itron (ITRI) Surpasses Market Returns: Some Facts Worth Knowing
Itron (ITRI) closed at $87.79, up 1.48% on the day, but down 10.82% over the past month. The energy and water meter company has a Zacks Rank #2 (Buy) rating with projected quarterly EPS growth of 1.95% and revenue growth of 2.55%. Trading at a Forward P/E of 13.5, well below the industry average of 24.05, the stock appears undervalued relative to peers.
- Zacks Investment Research·
Is Itron (ITRI) a Buy as Wall Street Analysts Look Optimistic?
The article examines the reliability of Wall Street analyst recommendations versus Zacks Rank for stock selection. Using Itron (ITRI) as an example with a Buy-equivalent average brokerage recommendation (ABR) of 1.45, the piece argues that brokerage recommendations suffer from positive bias due to institutional conflicts of interest. In contrast, Zacks Rank, which is based on earnings estimate revisions, has demonstrated superior predictive power for near-term stock price movements. Itron received a Zacks Rank #1 (Strong Buy) rating based on recent earnings estimate revisions.