Badger Meter: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Badger Meter (NYSE:BMI) reported Q4 earnings with an EPS of $0.84, beating estimates by 2.44% against the expected $0.82. Revenue increased by $35.12 million compared to the same period last year. Despite beating EPS estimates last quarter, BMI's share price dropped by 1.36% the following day. The company has a history of surpassing EPS estimates in previous quarters.
January 26, 2024 | 2:15 pm
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Badger Meter reported a positive earnings surprise with a 2.44% beat on EPS and significant year-over-year revenue growth. Historically, the company has surpassed EPS estimates, but this has not always led to a positive stock price reaction.
Positive earnings surprises can lead to short-term stock price appreciation. However, BMI's stock dropped after a positive earnings report last quarter, indicating that market expectations may have already priced in the earnings beat. The historical trend of surpassing EPS estimates could be a positive signal to investors, but the actual stock movement will depend on market sentiment and broader economic conditions at the time of the announcement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100