Overview
Energy management firm's Q4 revenue fell 7% yr/yr but beat analyst expectations
Adjusted EPS for Q4 beat analyst expectations
Company announced acquisition of Urbint and Locusview to enhance AI solutions
Outlook
Company expects Q1 2026 revenue between $565 mln and $575 mln
Itron forecasts full-year 2026 revenue between $2.35 bln and $2.45 bln
Company projects Q1 2026 non-GAAP EPS between $1.20 and $1.30
Result Drivers
GRID EDGE PLATFORM - Adoption of Grid Edge Intelligence platform drove strong financial results in Q4, according to CEO Tom Deitrich
OUTCOMES SEGMENT GROWTH - Outcomes segment revenue increased 23% due to increased delivery services and recurring revenue
ACQUISITIONS - Acquisition of Urbint and Locusview to enhance AI solutions and increase recurring revenue
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Beat | $572 mln | $561.19 mln (7 Analysts) |
Q4 Adjusted EPS | Beat | $2.46 | $2.19 (8 Analysts) |
Q4 EPS | $2.21 | ||
Q4 Net Income | $102 mln | ||
Q4 Gross Margin | 40.50% |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the electronic equipment & parts peer group is "buy"
Wall Street's median 12-month price target for Itron Inc is $143.12, about 60.2% above its February 13 closing price of $89.36
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 16 three months ago
Press Release: ID:nGNX2tNtzn
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)