ITRI - Itron's Outlook Is Bright For The Short Term And Long Term
2024-07-17 02:55:26 ET
Summary
- Itron is targeting a 16% EBITDA margin in 2027, a +6% revenue CAGR for the next four years, which is achievable considering Asia's and the Outcome segment's growth potential.
- I am predicting a Q2 2024 results beat for ITRI, taking into account its earnings beats track record and the positive business momentum for Asian markets like Australia.
- The company's bright prospects provide support for a Buy rating.
Elevator Pitch
Itron, Inc. ( ITRI ) stock is rated as a Buy. My prior January 26, 2024 update drew attention to the favorable sell-side sentiment for Itron's shares and the company's plans to grow the sales of water meter products in Asian markets....
Itron's Outlook Is Bright For The Short Term And Long Term