Advertisement
U.S. markets close in 4 hours 35 minutes
  • S&P 500

    5,254.63
    +6.14 (+0.12%)
     
  • Dow 30

    39,760.73
    +0.65 (+0.00%)
     
  • Nasdaq

    16,402.26
    +2.74 (+0.02%)
     
  • Russell 2000

    2,125.75
    +11.40 (+0.54%)
     
  • Crude Oil

    82.52
    +1.17 (+1.44%)
     
  • Gold

    2,234.00
    +21.30 (+0.96%)
     
  • Silver

    24.98
    +0.23 (+0.92%)
     
  • EUR/USD

    1.0804
    -0.0026 (-0.24%)
     
  • 10-Yr Bond

    4.1940
    -0.0020 (-0.05%)
     
  • GBP/USD

    1.2635
    -0.0003 (-0.02%)
     
  • USD/JPY

    151.2300
    -0.0160 (-0.01%)
     
  • Bitcoin USD

    71,330.32
    +1,984.02 (+2.86%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • FTSE 100

    7,972.70
    +40.72 (+0.51%)
     
  • Nikkei 225

    40,168.07
    -594.66 (-1.46%)
     

Why Itron (ITRI) Stock Might be a Great Pick

One stock that might be an intriguing choice for investors right now is Itron, Inc. ITRI. This is because this security in the Electronic Test Equipment space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.

This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Electronic Test Equipment space as it currently has a Zacks Industry Rank of 32 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.

Meanwhile, Itron is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.

ITRON INC Price and Consensus

ITRON INC Price and Consensus | ITRON INC Quote

In fact, over the past month, current quarter estimates have risen from 55 cents per share to 63 cents per share, while current year estimates have risen from $2.07 per share to $2.33 per share. This has helped ITRI to earn a Zacks Rank #1 (Strong Buy), further underscoring the company’s solid position. You can see the complete list of today’s Zacks #1 Rank stocks here.

So, if you are looking for a decent pick in a strong industry, consider Itron. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.

Confidential from Zacks

Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>


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
 
ITRON INC (ITRI): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research

Advertisement