Itron, Inc. (NASDAQ:ITRI) is set to announce third quarter earning results on Monday 2nd November 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, ITRI to report 3Q20 income of $ 0.25 per share from revenue of $ 539.39 million.
For the full year, analysts anticipate top line of $ 2215.11 million, while looking forward to income of $ 1.24 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 2,475.00 million ~ $ 2,575.00 million, where as bottomline are predicted in a range of $ 3.35 ~ $ 3.85 per share
Click Here For More Historical Outlooks Of Itron, Inc.
Previous Quarter Performance
Itron, Inc. reported income for the second quarter of $ 0.03 per share, from the revenue of $ 509.59 million. The quarterly earnings fell 96.55 percent while revenues fell 14.88 percent compared with the same quarter last year.
Wall street analysts are predicting, ITRI to report 2Q20 loss of $ 0.21 per share from revenue of $ 486.56 million. The bottom line results beat street analysts by $ 0.24 or 114.29 percent, at the same time, top line results outshined analysts by $ 23.03 million or 4.73 percent.
Stock Performance
On Friday, shares of Itron, Inc. has traded high as $ 68.70 and has cracked $ 66.96 on the downward trend, reaching $ 67.95 with volume of 421.70 thousand shares.
According to the previous trading day, closing price of $ 67.95, representing a 69.39 % increase from the 52 week low of $ 40.48 and a 22.36 % decrease over the 52 week high of $ 88.32.
The company has a market capital of $ 2.74 billion and is part of the Technology sector and Scientific & Technical Instruments industry.
Recent Analyst recommendations
- On 28th September 2020, upgraded by Raymond James to Strong Buy from Outperform rating.
Conference Call
Itron, Inc. will be hosting a conference call at 11:00 AM eastern time on 2nd November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.itron.com/na
Itron, Inc., a technology and service company, provides end-to-end solutions that measures, manages, and analyzes energy and water use worldwide. The company operates through three segments: Device Solutions, Networked Solutions, and Outcomes. The Device Solutions segment offers hardware products that are used for measurement, control, or sensing.
