Itron: Q3 Earnings Insights

Itron ITRI reported its Q3 earnings results on Thursday, November 3, 2022 at 08:30 AM.

Here's what investors need to know about the announcement.

Earnings

Itron beat estimated earnings by 4.55%, reporting an EPS of $0.23 versus an estimate of $0.22.

Revenue was down $66.09 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.14 which was followed by a 1.93% increase in the share price the next day.

Here's a look at Itron's past performance:

 

Quarter Q2 2022 Q1 2022 Q4 2021 Q3 2021
EPS Estimate 0.21 0.08 0.19 0.18
EPS Actual 0.07 0.11 0.75 0.21
Revenue Estimate 486.71M 488.49M 505.76M 527.45M
Revenue Actual 431.88M 475.33M 485.64M 486.95M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

Itron management provided guidance for Q4 2022, expecting earnings between $0.0 and $0.15 per share.

To track all earnings releases for Itron visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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