Badger Meter (BMI) Sees a More Significant Dip Than Broader Market: Some Facts to Know

Badger Meter (BMI) closed at $125.01 in the latest trading session, marking a -2.21% move from the prior day. The stock fell short of the S&P 500, which registered a loss of 0.59% for the day. On the other hand, the Dow registered a loss of 0.6%, and the technology-centric Nasdaq decreased by 0.65%.

Coming into today, shares of the manufacturer of products that measure gas and water flow had lost 5.15% in the past month. In that same time, the Computer and Technology sector lost 0.02%, while the S&P 500 lost 1.37%.

Analysts and investors alike will be keeping a close eye on the performance of Badger Meter in its upcoming earnings disclosure. The company's upcoming EPS is projected at $1.21, signifying a 1.68% increase compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $240.55 million, indicating a 2.08% upward movement from the same quarter last year.

In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $4.5 per share and a revenue of $912.38 million, indicating changes of -6.05% and -0.47%, respectively, from the former year.

It's also important for investors to be aware of any recent modifications to analyst estimates for Badger Meter. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.

Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.

The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 1.73% increase. Badger Meter is currently a Zacks Rank #3 (Hold).

Valuation is also important, so investors should note that Badger Meter has a Forward P/E ratio of 28.38 right now. Its industry sports an average Forward P/E of 28.38, so one might conclude that Badger Meter is trading at no noticeable deviation comparatively.

It's also important to note that BMI currently trades at a PEG ratio of 3.15. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The average PEG ratio for the Instruments - Control industry stood at 2.21 at the close of the market yesterday.

The Instruments - Control industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 101, this industry ranks in the top 42% of all industries, numbering over 250.

The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.

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This article originally published on Zacks Investment Research (zacks.com).

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