Itron Expects Full Year 2024 Revenue Of $2.275B-$2.375B (Est $2.292B), Adj EPS Of $3.40-$3.80 (Est $3.12)
Portfolio Pulse from Benzinga Newsdesk
Itron projects its full-year 2024 revenue to be between $2.275 billion and $2.375 billion, surpassing the estimated $2.292 billion. Additionally, the company anticipates its adjusted EPS to range from $3.40 to $3.80, exceeding the estimated $3.12.
February 26, 2024 | 1:35 pm
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Itron's forecast for FY 2024 indicates higher revenue and adjusted EPS than analyst estimates, suggesting strong future performance.
Itron's projection of higher-than-expected revenue and adjusted EPS for FY 2024 suggests confidence in its operational efficiency and market demand for its products. This positive outlook is likely to instill investor confidence, potentially leading to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100