Itron Forecasts Q4 2024 Sales Of $600M-$610M Versus Consensus Of $595.973M
Portfolio Pulse from Benzinga Newsdesk
Itron has updated its Q4 2024 and full year 2024 guidance, forecasting Q4 sales between $600M-$610M, surpassing consensus estimates. The full year revenue guidance has been raised to $2.428-$2.438 billion, with non-GAAP EPS expected to be $5.28-$5.38.
October 31, 2024 | 12:36 pm
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Itron has raised its Q4 2024 sales forecast to $600M-$610M, exceeding consensus estimates. The full year revenue guidance has also been increased, indicating strong performance expectations.
Itron's updated guidance for Q4 2024 and the full year 2024 shows higher revenue and EPS expectations than previously forecasted. This positive revision suggests strong business performance, likely boosting investor confidence and potentially driving the stock price up in the short term.
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