Badger Meter Shares Drop 1.56%, Down 5.95% Month-to-Date
Badger Meter shares fell 1.56% after underperforming the S&P 500’s 0.69% gain and slipped 5.95% over the last month versus sector loss of 3.66% and S&P decline of 1%. Analysts forecast next-quarter earnings of $1.22 per share (down 6.15% YoY) on revenues of $231.56 million (up 4.21%).
1. Market Performance
Badger Meter closed at $159.37, marking a 1.56% decline that trailed the S&P 500’s 0.69% gain, the Dow’s 0.47% rise and the Nasdaq’s 0.90% advance. Over the past month, shares have fallen 5.95%, underperforming the Computer and Technology sector’s 3.66% loss and the S&P 500’s 1.00% decline.
2. Upcoming Earnings Forecast
Analysts expect next-quarter earnings of $1.22 per share, a 6.15% decrease year-over-year, on projected revenue of $231.56 million, up 4.21% from the prior-year period. For the full fiscal year, consensus forecasts call for earnings of $5.03 per share (up 5.01%) and revenue of $968.27 million (up 5.63%).
3. Valuation and Analyst Outlook
The consensus rating stands at #5 (Strong Sell), reflecting a 5.82% downward revision in EPS estimates over the past 30 days. The stock trades at a forward P/E of 32.17 versus the industry average of 28.00 and sports a PEG ratio of 2.60 compared with the sector’s 1.99, placing its industry in the bottom 29% of rated groups.