Itron Expects Q3 Revenue $535M-$545M Vs $506.57M Est, Adj EPS $0.44-$0.56 Vs $0.33 Est; FY23 Revenue $2.11B-$2.14B (Prior $1.85B-$1.95B) Vs $2.03B Est, Adj EPS $2.03-$2.28 (Prior $0.70-$1.10) Vs $1.47 Est
Portfolio Pulse from Benzinga Newsdesk
Itron has updated its Q3 and FY23 revenue and EPS estimates. The company now expects Q3 revenue to be between $535M-$545M, up from the previous estimate of $506.57M, and adjusted EPS to be between $0.44-$0.56, up from $0.33. For FY23, Itron expects revenue to be between $2.11B-$2.14B, up from the previous range of $1.85B-$1.95B, and adjusted EPS to be between $2.03-$2.28, up from $0.70-$1.10.
August 04, 2023 | 1:21 pm
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POSITIVE IMPACT
Itron has raised its Q3 and FY23 revenue and EPS estimates, which could lead to a positive impact on its stock price.
Itron's raised revenue and EPS estimates for Q3 and FY23 indicate that the company is performing better than previously expected. This positive financial outlook could lead to increased investor confidence and a rise in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100