Itron Forecasts Q4 2024 Adjusted EPS Of $1.00-$1.10 Versus Consensus Of $1.13
Portfolio Pulse from Benzinga Newsdesk
Itron has forecasted its Q4 2024 adjusted EPS to be between $1.00 and $1.10, which is below the consensus estimate of $1.13.
October 31, 2024 | 12:36 pm
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NEGATIVE IMPACT
Itron's forecast for Q4 2024 adjusted EPS is below market expectations, which may lead to a negative short-term impact on its stock price.
The forecasted EPS range of $1.00-$1.10 is below the consensus estimate of $1.13, indicating potential underperformance. This discrepancy may lead investors to adjust their expectations downward, likely resulting in a short-term decrease in Itron's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100