Zacks Research Has Pessimistic View of Itron FY2027 Earnings

Key Points

• Zacks Research cut Itron’s FY2027 EPS estimate slightly to $5.89 from $5.90 and maintained a “Hold” rating, below the broader consensus estimate of $6.41.
• Itron beat quarterly EPS expectations, reporting $1.59 versus the $1.29 consensus, but revenue declined 7.2% year over year to $562.9 million and fell short of estimates.
• Despite Zacks’ cautious view, analyst sentiment remains generally positive: Itron has a “Moderate Buy” consensus rating and an average price target of $131.33, compared with its reported share price of $87.65.

Itron, Inc. (NASDAQ:ITRI - Free Report) - Equities research analysts at Zacks Research decreased their FY2027 earnings per share (EPS) estimates for shares of Itron in a note issued to investors on Thursday, October 22nd. Zacks Research analyst Team now expects that the scientific and technical instruments company will earn $5.89 per share for the year, down from their previous forecast of $5.90. Zacks Research has a "Hold" rating on the stock. The consensus estimate for Itron's current full-year earnings is $6.41 per share.

Itron (NASDAQ:ITRI - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The scientific and technical instruments company reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.30. The company had revenue of $562.90 million for the quarter, compared to analyst estimates of $566.34 million. Itron had a return on equity of 19.26% and a net margin of 11.90%. Itron's revenue for the quarter was down 7.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.62 EPS. Itron has set its Q3 2026 guidance at 1.500-1.600 EPS and its FY 2026 guidance at 6.300-6.500 EPS.

Other equities analysts have also recently issued research reports about the stock. Needham & Company LLC increased their price objective on shares of Itron from $116.00 to $128.00 and gave the company a "buy" rating in a research note on Wednesday, July 29th. Seaport Research Partners reaffirmed a "buy" rating and set a $150.00 price objective on shares of Itron in a report on Wednesday, July 29th. Robert W. Baird set a $125.00 target price on shares of Itron in a research report on Wednesday, July 29th. Finally, Weiss Ratings raised shares of Itron from a "hold (c)" rating to a "hold (c+)" rating in a research note on Monday, October 12th. Eight equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $131.33.

Itron Price Performance

ITRI opened at $87.65 on Monday. Itron has a fifty-two week low of $77.77 and a fifty-two week high of $142.00. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.75 and a quick ratio of 2.29. The firm's fifty day moving average price is $91.57 and its two-hundred day moving average price is $89.03. The company has a market capitalization of $3.84 billion, a P/E ratio of 14.63, a P/E/G ratio of 1.05 and a beta of 1.32.

Institutional Investors Weigh In On Itron

Institutional investors and hedge funds have recently made changes to their positions in the company. PenderFund Capital Management Ltd. acquired a new stake in shares of Itron during the 2nd quarter worth about $35,000. Quantbot Technologies LP bought a new position in Itron during the 2nd quarter valued at about $36,000. Integrated Wealth Concepts LLC bought a new position in Itron during the 2nd quarter valued at about $36,000. Public Employees Retirement System of Ohio acquired a new position in Itron in the second quarter valued at about $48,000. Finally, Farther Finance Advisors LLC boosted its position in Itron by 37.9% in the third quarter. Farther Finance Advisors LLC now owns 640 shares of the scientific and technical instruments company's stock valued at $55,000 after buying an additional 176 shares in the last quarter. Institutional investors and hedge funds own 96.19% of the company's stock.

Insider Buying and Selling

In other Itron news, SVP John Marcolini sold 331 shares of the stock in a transaction on Monday, August 24th. The stock was sold at an average price of $98.79, for a total transaction of $32,699.49. Following the completion of the transaction, the senior vice president directly owned 12,683 shares in the company, valued at $1,252,953.57. This represents a 2.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Joan S. Hooper sold 455 shares of the stock in a transaction on Monday, August 24th. The stock was sold at an average price of $98.79, for a total value of $44,949.45. Following the transaction, the chief financial officer owned 118,440 shares of the company's stock, valued at $11,700,687.60. This represents a 0.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 17,903 shares of company stock worth $1,753,521 in the last quarter. Corporate insiders own 1.77% of the company's stock.

Itron Company Profile

Itron, Inc is a technology company that provides solutions to utilities and cities for managing electricity, natural gas, and water resources. Its offerings help organizations measure consumption, collect and analyze data, improve operational efficiency, and support more reliable and sustainable delivery of essential services.

The company's portfolio includes smart meters, advanced metering infrastructure, communications networks, sensors, data management systems, and utility software.

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