We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Itron (ITRI) Advances Energy Resource Management in Australia
Read MoreHide Full Article
Itron (ITRI - Free Report) recently unveiled Low Voltage Distributed Energy Resource Management Solution (LV DERMS) at the Energy Networks Conference in Adelaide, Australia. The cutting-edge technology aims to implement an innovative, data-driven process for managing Consumer Energy Resources (CERs).
The state-of-the-art solution will simultaneously maintain stability within the low-voltage network for CERs like rooftop solar or battery storage. Itron’s LV DERMS model plans to address the complexities of grid instability arising in the LV network due to energy transition.
The newly launched LV DERMS can be integrated with current back-office systems, including advanced distribution management system, through the application of a bottom-up approach.
By utilizing certain core capabilities of the solution it transits planning and operating risks caused by CERs into opportunities. These include centralized control and visibility, Dynamic System State Estimation, enhanced DOE compliance validation, energy market participation and proven scalability.
LV DERMS solution is also integrated with Itron’s distributed intelligence platform, thereby enabling it to be moved to the edge of the grid in a highly distributed architecture. This will facilitate autonomous control to balance the LV network system while reducing costs for the same.
Itron is one of the leading global suppliers of a robust range of standard, advanced and smart meters and meter communication systems, including networks and communication modules, software, devices, sensors, data analytics and services to the utility and municipal sectors.
Itron’s performance is gaining momentum from the strong uptake of grid edge intelligence technology, robust operational execution and easing of the supply-chain issues. Strategic collaborations and frequent product launches are boosting its overall performance. In the last reported quarter, it generated revenues of $577.2 million, beating the Zacks Consensus Estimate by 1.1%.
For the first quarter of 2024, ITRI is projecting revenues to be in the band of $575-$585 million. Non-GAAP EPS is anticipated in the range of 80-90 cents. For 2024, management projects revenues to be between $2.275 billion and $2.375 billion. Non-GAAP EPS is estimated in the range of $3.40-$3.80.
The stock has gained 66.4% over the past year compared with the industry’s rise of 15.6%
Image Source: Zacks Investment Research
Zacks Rank & Other Stocks to Consider
Itron currently carries a Zacks Rank #2 (Buy).
Workday Inc. (WDAY - Free Report) , carrying a Zacks Rank #2 at present, delivered an earnings surprise of 9.03% in the last reported quarter.
Workday is a provider of enterprise-level software solutions for financial management and human resource domains. The company’s cloud-based platform combines finance and HR in a single system that makes it easier for organizations to provide analytical insights and decision support. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
AudioCodes Ltd. (AUDC - Free Report) currently carries a Zacks Rank #2. It has a long-term earnings growth expectation of 24.8% and delivered an earnings surprise of 20.1%, on average, in the trailing four quarters.
Headquartered in Lod, Israel, AudioCodes offers advanced communications software, products and productivity solutions for the digital workplace. It provides a broad range of innovative products, solutions and services that are used by large multi-national enterprises and leading tier-1 operators around the world.
Pinterest (PINS - Free Report) , carrying a Zacks Rank #2 at present, delivered a trailing four-quarter average earnings surprise of 37.42%. In the last reported quarter, it delivered an earnings surprise of 3.92%.
Pinterest is increasingly establishing a unique value proposition to advertisers that could provide a competitive advantage in the long haul. Through various innovations, it continues to dramatically improve the advertising platform, which presently appears to be one of the best ad platforms for consumer discretionary brands looking for new ways to reach customers and stretch smaller ad budgets.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Itron (ITRI) Advances Energy Resource Management in Australia
Itron (ITRI - Free Report) recently unveiled Low Voltage Distributed Energy Resource Management Solution (LV DERMS) at the Energy Networks Conference in Adelaide, Australia. The cutting-edge technology aims to implement an innovative, data-driven process for managing Consumer Energy Resources (CERs).
The state-of-the-art solution will simultaneously maintain stability within the low-voltage network for CERs like rooftop solar or battery storage. Itron’s LV DERMS model plans to address the complexities of grid instability arising in the LV network due to energy transition.
The newly launched LV DERMS can be integrated with current back-office systems, including advanced distribution management system, through the application of a bottom-up approach.
By utilizing certain core capabilities of the solution it transits planning and operating risks caused by CERs into opportunities. These include centralized control and visibility, Dynamic System State Estimation, enhanced DOE compliance validation, energy market participation and proven scalability.
LV DERMS solution is also integrated with Itron’s distributed intelligence platform, thereby enabling it to be moved to the edge of the grid in a highly distributed architecture. This will facilitate autonomous control to balance the LV network system while reducing costs for the same.
Itron is one of the leading global suppliers of a robust range of standard, advanced and smart meters and meter communication systems, including networks and communication modules, software, devices, sensors, data analytics and services to the utility and municipal sectors.
Itron’s performance is gaining momentum from the strong uptake of grid edge intelligence technology, robust operational execution and easing of the supply-chain issues. Strategic collaborations and frequent product launches are boosting its overall performance. In the last reported quarter, it generated revenues of $577.2 million, beating the Zacks Consensus Estimate by 1.1%.
For the first quarter of 2024, ITRI is projecting revenues to be in the band of $575-$585 million. Non-GAAP EPS is anticipated in the range of 80-90 cents. For 2024, management projects revenues to be between $2.275 billion and $2.375 billion. Non-GAAP EPS is estimated in the range of $3.40-$3.80.
The stock has gained 66.4% over the past year compared with the industry’s rise of 15.6%
Image Source: Zacks Investment Research
Zacks Rank & Other Stocks to Consider
Itron currently carries a Zacks Rank #2 (Buy).
Workday Inc. (WDAY - Free Report) , carrying a Zacks Rank #2 at present, delivered an earnings surprise of 9.03% in the last reported quarter.
Workday is a provider of enterprise-level software solutions for financial management and human resource domains. The company’s cloud-based platform combines finance and HR in a single system that makes it easier for organizations to provide analytical insights and decision support. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
AudioCodes Ltd. (AUDC - Free Report) currently carries a Zacks Rank #2. It has a long-term earnings growth expectation of 24.8% and delivered an earnings surprise of 20.1%, on average, in the trailing four quarters.
Headquartered in Lod, Israel, AudioCodes offers advanced communications software, products and productivity solutions for the digital workplace. It provides a broad range of innovative products, solutions and services that are used by large multi-national enterprises and leading tier-1 operators around the world.
Pinterest (PINS - Free Report) , carrying a Zacks Rank #2 at present, delivered a trailing four-quarter average earnings surprise of 37.42%. In the last reported quarter, it delivered an earnings surprise of 3.92%.
Pinterest is increasingly establishing a unique value proposition to advertisers that could provide a competitive advantage in the long haul. Through various innovations, it continues to dramatically improve the advertising platform, which presently appears to be one of the best ad platforms for consumer discretionary brands looking for new ways to reach customers and stretch smaller ad budgets.