In the latest trading session, Badger Meter (BMI) closed at $135.61, marking a -1.84% move from the previous day. This change lagged the S&P 500's 0.25% loss on the day. Meanwhile, the Dow experienced a drop of 0.02%, and the technology-dominated Nasdaq saw a decrease of 0.52%.
Shares of the manufacturer of products that measure gas and water flow have appreciated by 5.95% over the course of the past month, underperforming the Computer and Technology sector's gain of 7.57%, and outperforming the S&P 500's gain of 4.34%.
Investors will be eagerly watching for the performance of Badger Meter in its upcoming earnings disclosure. On that day, Badger Meter is projected to report earnings of $1.21 per share, which would represent year-over-year growth of 1.68%. Meanwhile, the latest consensus estimate predicts the revenue to be $240.55 million, indicating a 2.08% increase compared to the same quarter of the previous year.
BMI's full-year Zacks Consensus Estimates are calling for earnings of $4.5 per share and revenue of $912.38 million. These results would represent year-over-year changes of -6.05% and -0.47%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Badger Meter. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 1.73% higher. Badger Meter is currently a Zacks Rank #3 (Hold).
Looking at its valuation, Badger Meter is holding a Forward P/E ratio of 30.67. Its industry sports an average Forward P/E of 30.67, so one might conclude that Badger Meter is trading at no noticeable deviation comparatively.
One should further note that BMI currently holds a PEG ratio of 2.48. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As of the close of trade yesterday, the Instruments - Control industry held an average PEG ratio of 1.88.
The Instruments - Control industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 103, placing it within the top 42% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Badger Meter, Inc. (BMI): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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