Itron Sees Q3 EPS $1.10-$1.20 Vs $0.92 Est.; Revenue $590M-$600M Vs $586.09M Est.; Raises FY24 EPS From $3.40-$3.80 To $4.45-$4.65 Vs $4.07 Est.; Revenue From $2.275-$2.375 To $2.385B-$2.415B Vs $2.38B Est.
Portfolio Pulse from Benzinga Newsdesk
Itron has updated its Q3 and FY24 guidance, projecting higher EPS and revenue than previously estimated. For Q3, EPS is expected to be $1.10-$1.20 vs. $0.92 estimated, and revenue is projected at $590M-$600M vs. $586.09M estimated. For FY24, EPS guidance is raised to $4.45-$4.65 vs. $4.07 estimated, and revenue is increased to $2.385B-$2.415B vs. $2.38B estimated.
August 01, 2024 | 12:33 pm
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Itron has raised its Q3 and FY24 guidance, projecting higher EPS and revenue than previously estimated. This positive outlook is likely to boost investor confidence and drive the stock price up in the short term.
Itron's updated guidance for Q3 and FY24 shows significant improvement in both EPS and revenue projections compared to previous estimates. This positive revision is likely to enhance investor sentiment and drive the stock price higher in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100