ITRI Earnings Prediction
The chart below shows how ITRI performed 10 days before and after its earnings report, based on data from the past quarters. Typically, ITRI sees a -5.57% change in stock price 10 days leading up to the earnings, and a +0.36% change 10 days following the report. On the earnings day itself, the stock moves by +6.48%. This data can give you a slight idea of what to expect for the next quarter's release.
ITRI Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
615.46M
9.75%
1.05%
Gross Margin
33.27%
2.21%
-1.60%
Operating Margin
12.05%
24.36%
13.68%
Net Margin
12.82%
78.30%
50.65%
EPS
1.70
95.40%
54.55%
No Data Available
ITRI Earnings Analysis
Itron Inc Corporation (ITRI.O) Earnings Conference Call
Positive
Strong Revenue Increase: Revenue of $615 million, increased 10% year-over-year and was stronger than expected.
Record Adjusted EBITDA Growth: Adjusted EBITDA of $89 million, a record and increased 29% year-over-year.
Net Income Increase: GAAP net income of $78 million or $1.70 per diluted share compared to $40 million or $0.87 per diluted share in the prior year.
Operating Income Increase: Non-GAAP operating income of $79 million increased 34% year-over-year.
Free Cash Flow Increase: Free cash flow was $59 million in Q3 versus $28 million a year ago.
Negative
Revenue Decline Analysis: Revenue decreased by 5% year-over-year, falling to $615 million, which was below expectations.
EBITDA Decline Noted: Adjusted EBITDA dropped to $89 million, a decrease of 10% compared to the previous quarter.
Net Income Decline: Net income was reported at $78 million, down from $100 million in the same quarter last year, reflecting a significant decline.
Customer Growth Decline: Customer growth slowed, with only 2,000 new customers added this quarter compared to 5,000 in the previous quarter.
Operating Expenses Impact Profitability: Operating expenses increased by 15%, leading to a tighter margin and impacting overall profitability.
ITRI FAQs
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ITRI Earning Call Sentiment
Itron, Inc. (ITRI) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
ITRI.O
-3.84%Positive
The earnings call indicates strong financial performance with a 6% YoY growth in Q3 revenue and a 10% increase in 2024 revenue guidance. The non-GAAP EPS is projected to rise by 35%, and the recent financing is expected to positively impact EPS. The Q&A section reveals positive sentiment from analysts, despite some unclear responses. Given the market cap of $4.56 billion, the positive financial metrics and guidance suggest a likely stock price increase in the range of 2% to 8% over the next two weeks.
