Yahoo Finance The Zacks Rank Explained: How to Find Strong Buy Computer and Technology Stocks
It doesn't matter if you're a growth, value, income, or momentum-focused investor -- building a successful investment portfolio takes skill, research, and a little bit of luck.
Should You Buy #1 (Strong Buy)-Ranked Itron (ITRI) for Your Portfolio?
Itron was upgraded to the Zacks Rank #1 list on May 14, 2024. The Zacks Rank is a unique stock-rating model that helps you take advantage of earnings estimate revision trends and provides a way to get into stocks highly sought after by institutional investors.
Founded in 1977 and headquartered in Liberty Lake, WA, Itron Inc is a technology and services company and one of the leading global suppliers of a wide range of standard, advanced, and smart meters and meter communication systems, including networks and communication modules, software, devices, sensors, data analytics and services to the utility and municipal sectors.
Six analysts revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $0.29 to $3.90 per share. ITRI also boasts an average earnings surprise of 77.9%.
Earnings are expected to grow 16.1% for the current fiscal year, while revenue is projected to increase 8.5%.
Additionally, ITRI has climbed higher over the past four weeks, gaining 18.2%. The S&P 500 is up 2.5% in comparison.
Bottom Line
With a #1 (Strong Buy) ranking, positive trend in earnings estimate revisions, and strong market momentum, Itron could be just the stock to help your portfolio generate returns that could fund your retirement, your kids' college tuition, or your short- and long-term savings goals.
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