ITRN Earnings Prediction
The chart below shows how ITRN performed 10 days before and after its earnings report, based on data from the past quarters. Typically, ITRN sees a -3.28% change in stock price 10 days leading up to the earnings, and a -1.12% change 10 days following the report. On the earnings day itself, the stock moves by +3.11%. This data can give you a slight idea of what to expect for the next quarter's release.
ITRN Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
83.48M
2.99%
-1.64%
Gross Margin
48.10%
-1.07%
2.56%
Operating Margin
21.99%
5.52%
5.16%
Net Margin
16.99%
5.59%
3.09%
EPS
0.69
9.52%
4.55%
No Data Available
ITRN Earnings Analysis
Ituran Location and Control Ltd. Corporation (ITRN.O) Earnings Conference Call
Positive
Quarterly Revenue Increase: The company reported third quarter revenues of $83.5 million, a 3% increase compared to $81.1 million last year.
Subscriber Base Expansion: The subscriber base expanded to 2,369,000 by the end of the third quarter, an increase of 40,000 from the previous quarter.
Quarterly EBITDA Increase: EBITDA for the quarter was $23.3 million, representing 27.9% of revenue, an increase of 4% compared to $22.5 million or 27.8% of revenues in the third quarter of last year.
Net Income Increase: Net income for the third quarter was $13.7 million or diluted earnings per share of $0.69, a 9% increase compared to $12.5 million or diluted earnings per share of $0.63 in the third quarter of last year.
Strong Cash Generation: The ongoing cash generation came to $17.2 million in the quarter, supporting a strong quarterly dividend of $8 million, reflecting a 60% increase over that of the year-ago quarter.
Negative
Quarterly Revenue Increase: Third quarter revenues were $83.5 million, a 3% increase compared to revenues of $81.1 million last year, indicating a slower growth rate.
Service Revenue Decline: Service revenues decreased by almost $600,000, primarily due to currency exchange effects, which impacted revenues when translated into U.S. dollars.
Subscription Revenue Decline: Subscription fees in the quarter were $59.6 million, a decrease of 1% year-over-year, indicating a decline in this revenue stream.
Operating Margin Improvement: The operating margin for the third quarter was 22%, compared to last year's 20.8%, suggesting only a slight improvement despite ongoing challenges.
Net Income Increase: Net income for the third quarter was $13.7 million, or diluted earnings per share of $0.69, an increase of 9% compared to $12.5 million or diluted earnings per share of $0.63 in the third quarter of last year, reflecting a modest growth in profitability.
ITRN FAQs
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ITRN Earning Call Sentiment
Ituran Location and Control Ltd. (ITRN) Q3 2024 Earnings Call Transcript
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ITRN.O
1.95%Positive
The earnings call reflects a positive sentiment with several favorable developments: strong subscriber growth, a promising collaboration with Porsche, and expansion into new markets. Financial performance shows revenue growth and a significant dividend increase. While there are challenges like currency impacts and competitive pressures, these are mitigated by strategic partnerships and market opportunities, such as the collaboration with Santander and potential growth in Latin America. The Q&A section did not reveal significant negative concerns, leading to an overall positive outlook.