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Badger Meter (BMI) Outperforms Broader Market: What You Need to Know
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The most recent trading session ended with Badger Meter (BMI - Free Report) standing at $195.19, reflecting a +1.62% shift from the previouse trading day's closing. The stock exceeded the S&P 500, which registered a gain of 0.45% for the day. Elsewhere, the Dow lost 0.23%, while the tech-heavy Nasdaq added 0.84%.
Shares of the manufacturer of products that measure gas and water flow witnessed a gain of 0.71% over the previous month, beating the performance of the Computer and Technology sector with its loss of 0.98% and underperforming the S&P 500's gain of 2.54%.
The upcoming earnings release of Badger Meter will be of great interest to investors. The company is predicted to post an EPS of $1, indicating a 13.64% growth compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $208.62 million, up 12.04% from the prior-year quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $4.06 per share and a revenue of $821.92 million, representing changes of +29.3% and +16.82%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Badger Meter. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. As of now, Badger Meter holds a Zacks Rank of #2 (Buy).
Looking at valuation, Badger Meter is presently trading at a Forward P/E ratio of 47.34. This denotes a premium relative to the industry's average Forward P/E of 24.88.
It is also worth noting that BMI currently has a PEG ratio of 2.64. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Instruments - Control industry had an average PEG ratio of 2.18 as trading concluded yesterday.
The Instruments - Control industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 96, which puts it in the top 38% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Badger Meter (BMI) Outperforms Broader Market: What You Need to Know
The most recent trading session ended with Badger Meter (BMI - Free Report) standing at $195.19, reflecting a +1.62% shift from the previouse trading day's closing. The stock exceeded the S&P 500, which registered a gain of 0.45% for the day. Elsewhere, the Dow lost 0.23%, while the tech-heavy Nasdaq added 0.84%.
Shares of the manufacturer of products that measure gas and water flow witnessed a gain of 0.71% over the previous month, beating the performance of the Computer and Technology sector with its loss of 0.98% and underperforming the S&P 500's gain of 2.54%.
The upcoming earnings release of Badger Meter will be of great interest to investors. The company is predicted to post an EPS of $1, indicating a 13.64% growth compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $208.62 million, up 12.04% from the prior-year quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $4.06 per share and a revenue of $821.92 million, representing changes of +29.3% and +16.82%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Badger Meter. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. As of now, Badger Meter holds a Zacks Rank of #2 (Buy).
Looking at valuation, Badger Meter is presently trading at a Forward P/E ratio of 47.34. This denotes a premium relative to the industry's average Forward P/E of 24.88.
It is also worth noting that BMI currently has a PEG ratio of 2.64. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Instruments - Control industry had an average PEG ratio of 2.18 as trading concluded yesterday.
The Instruments - Control industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 96, which puts it in the top 38% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.