Itron Forecasts 8.3% Q4 Revenue Decline to $562M, $2.19 EPS
Itron will report Q4 earnings on Tuesday, with analysts forecasting an 8.3% year-on-year revenue decline to $562 million and adjusted EPS of $2.19. Last quarter it posted $581.6 million in revenue, down 5.5% year-on-year but 0.6% above estimates, while peers Viavi Solutions and Teledyne posted 36.4% and 7.3% revenue growth.
1. Earnings Preview
Itron will report fourth-quarter results on Tuesday, with analysts forecasting revenues of $562 million, down 8.3% year-on-year, and adjusted EPS of $2.19.
2. Prior Quarter Performance
In the third quarter, Itron generated $581.6 million in revenue, a 5.5% decline year-on-year but 0.6% above analyst expectations, and delivered adjusted operating income that exceeded guidance.
3. Peer Comparisons
Inspection-instrument peers outperformed significantly, with Viavi Solutions delivering 36.4% year-on-year revenue growth and Teledyne posting 7.3% growth, driving share gains of 17.5% and 9.8%, respectively.
4. Analyst Consensus and Stock Sentiment
Analysts have maintained their estimates over the past 30 days despite Itron shares falling 6.2%, trading at $89.37 versus an average price target of $136.22.