Badger Meter (BMI) closed at $195.75 in the latest trading session, marking a +0.81% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.16%. Meanwhile, the Dow experienced a rise of 0.01%, and the technology-dominated Nasdaq saw an increase of 0.46%.

Shares of the manufacturer of products that measure gas and water flow witnessed a loss of 5.83% over the previous month, beating the performance of the Computer and Technology sector with its loss of 5.94% and underperforming the S&P 500's loss of 3.59%.

Investors will be eagerly watching for the performance of Badger Meter in its upcoming earnings disclosure. The company's upcoming EPS is projected at $1.08, signifying a 9.09% increase compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $222.04 million, indicating a 13.12% upward movement from the same quarter last year.

For the full year, the Zacks Consensus Estimates project earnings of $4.65 per share and a revenue of $931.8 million, demonstrating changes of +9.93% and +12.73%, respectively, from the preceding year.

Investors might also notice recent changes to analyst estimates for Badger Meter. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.

Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Badger Meter currently has a Zacks Rank of #3 (Hold).

In terms of valuation, Badger Meter is presently being traded at a Forward P/E ratio of 41.79. This signifies a premium in comparison to the average Forward P/E of 23.22 for its industry.

We can also see that BMI currently has a PEG ratio of 3.46. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As of the close of trade yesterday, the Instruments - Control industry held an average PEG ratio of 3.29.

The Instruments - Control industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 169, putting it in the bottom 33% of all 250+ industries.

The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Badger Meter, Inc. (BMI) : Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research