Itron Sees Q2 Revenue Of $595m -$605M Vs. $583.61M Est; Adj EPS Of $0.90 - $1.00 Vs. $0.85 Est.
Portfolio Pulse from Benzinga Newsdesk
Itron projects its Q2 revenue to be between $595 million and $605 million, surpassing the estimated $583.61 million. Additionally, its adjusted EPS is expected to range from $0.90 to $1.00, exceeding the $0.85 estimate.
May 02, 2024 | 12:35 pm
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POSITIVE IMPACT
Itron's Q2 revenue and adjusted EPS forecasts exceed analyst estimates, indicating a positive performance outlook.
Itron's projected revenue and adjusted EPS for Q2 significantly exceed analyst expectations, suggesting a strong financial performance. This positive outlook is likely to boost investor confidence and potentially lead to an increase in Itron's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100