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.

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.

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).

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.