ITRI - Will Itron Beat Estimates Again in Its Next Earnings Report? | Benzinga
If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Itron (NASDAQ: ITRI). This company, which is in the Zacks Electronics - Testing Equipment industry, shows potential for another earnings beat.
When looking at the last two reports, this energy and water meter company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 54.94%, on average, in the last two quarters.
For the last reported quarter, Itron came out with earnings of $1.24 per share versus the Zacks Consensus Estimate of $0.85 per share, representing a surprise of 45.88%. For the previous quarter, the company was expected to post earnings of $0.75 per share and it actually produced earnings of $1.23 per share, delivering a surprise ...