Itron, Inc., a technology, solutions, and service company, provides end-to-end solutions that help manage energy, water, and smart city operations worldwide. It operates in three segments: Device Solutions, Networked Solutions, and Outcomes. The Device Solutions segment offers hardware products that are used for measurement, control, or sensing, such as standard gas, electricity, water, and communicating meters, as well as heat and allocation products. The Networked Solutions segment provides communicating devices, such as smart meters, modules, endpoints, and sensors; network infrastructure; and associated heat-end management and application software for acquiring and transporting application-specific data. This segment also offers industrial internet of things solutions. Including automated meter reading; advanced metering infrastructure for electricity, water, and gas; distributed energy resource management; smart grid and distribution automation; smart street lighting; and leak detection and applications for gas and water systems. The Outcomes segment provides value-added, enhanced software and services, artificial intelligence, and machine learning for managing, organizing, analyzing, and interpreting data to enhance decision making, maximize operational profitability, resource efficiency, grid analytics, and deliver results for consumers, utilities, and smart cities. In addition, it offers implementation, project management, installation, consulting, and post-sale maintenance support services, as well as cloud and software-as-a-service; and extended or customer-specific warranties. The company offers its products and services under the Itron brand. It serves utility and smart city customers, and municipalities through its sales force, distributors, agents, partners, and meter manufacturer representatives. Itron, Inc. was incorporated in 1977 and is headquartered in Liberty Lake, Washington.

Itron, Inc.

For Immediate Release
Chicago, IL – August 15, 2025 – Today, Zacks Equity Research discusses AMETEK AME and Itron ITRI.
Industry: Electronics Testing
Link: https://www.zacks.com/commentary/2707895/2-electronics-testing-stocks-to-watch-from-a-challenging-industry
The Zacks Electronics – Testing Equipment industry has been suffering from a challenging global macroeconomic environment, end-market volatility, unfavorable forex and growing geopolitical tensions. The sluggish automotive sector, due to declining investments in electric vehicles, has been a major headwind for industry participants.
The factory automation end market has been weak, and the conservative capital expenditure trend across consumer electronics is a headwind. However, industry players like AMETEK and Itron are benefiting from 5G-related growth opportunities, strengthening automation drive and the Industry 4.0 momentum. The increasing adoption of software-enabled testing instruments and devices is another positive.
Industry Description
The Zacks Electronics – Testing Equipment industry comprises companies offering advanced instruments, electronic testing equipment solutions, thermal management systems, electrical connectors, motors and various test solutions. The major end markets served by this industry are consumer, automobile, industrial, aerospace and defense, healthcare, semiconductors and communications, to name a few. Industry participants have been making technological advancements to gain traction among semiconductors, vehicles, machinery, smartphones and medical device manufacturers, who are constantly increasing their spending on electronic components.
4 Trends Shaping the Future of Electronics - Testing Equipment Industry
Solid Adoption of Motion Control & Test Systems is Positive: The rising utilization of precision motion-control solutions and automatic test systems in motion-control devices and testing products, particularly in the aerospace, automation, medical and military markets, is an upside. Commercial motor and autonomous vehicles will likely continue to hike the demand for vehicle-tracking systems, fleet-management solutions and other private fleet applications, which are part of the industry's key offerings.
Synergies in the Pharmaceutical Market Are Tailwinds: The industry has been steadily gaining from the increasing use of electrical instruments and software to interrogate the biological properties of molecules and cells in clinical and medical science research. The rapid adoption of the solutions is anticipated to drive growth for participants in the pharmaceutical end market.
Agilent is capitalizing on the trend and gaining traction in the life science research space. The pharmaceutical market holds immense prospects, courtesy of the growing utilization of electronic testing equipment. Rising demand for RF test equipment by medical device manufacturers is another uptrend.
5G Prospects Act as Boons: The growing deployment of 5G holds near-term promises for the industry players. Another major positive is an uptick in demand for 5G test solutions required for 5G deployment. In addition, the ongoing trend of migrating infrastructure workloads to the cloud, which continues to bolster the demand for high-speed Internet services, bodes well for electronic companies associated with 5G.
The growing number of high-speed data centers worldwide is another tailwind. Given the upbeat scenario, the industry is anticipated to remain on the growth trajectory, backed by efforts to reinforce the 5G strength.
Macroeconomic Headwinds Pose Concerns: Due to the challenging macroeconomic scenario, enterprises are reluctant to sign multi-year deals worldwide. These trends do not bode well for the industry participants.
Zacks Industry Rank Indicates Dim Prospects
The Zacks Electronics – Testing Equipment industry is housed within the broader Zacks Computer and Technology sector. It carries a Zacks Industry Rank #189 at present, which places it in the bottom 23% of more than 250 Zacks industries.
The group's Zacks Industry Rank, the average of the Zacks Rank of all the member stocks, indicates dim near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than two to one.
The industry's position in the bottom 50% of the Zacks-ranked industries is a result of a negative earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are pessimistic about this group's earnings growth potential. The industry's earnings estimates for 2025 have moved south by 15.6% since Aug. 31, 2024.
Before we present a few stocks worth considering for your portfolio, let us look at the industry's recent stock-market performance and the valuation picture.
Industry Underperforms S&P 500 & Sector
The Zacks Electronics – Testing Equipment Industry has underperformed the S&P 500 and its sector over the past year. The industry has inched up 0.6% over this period against the S&P 500's appreciation of 19.5% and the broader sector's return of 27.1%.
Industry's Current Valuation
Based on the forward 12-month price-to-earnings ratio (P/E), a commonly used multiple for valuing the Electronics – Testing Equipment stocks, the industry is currently trading at 23.59X, higher than the S&P 500's 22.86X and lower than the sector's 25.12X.
Over the past five years, the industry has traded as high as 24.66X and as low as 20.5X, with a median of 23.06X.
2 Testing Equipment Stocks to Watch
Itron: This Liberty Lake, WA-based company is benefiting from increasing utility modernization initiatives, resulting in higher uptake of its grid edge intelligence platform and steady demand across its robust portfolio spanning intelligent devices, software and analytics.
This Zacks Rank #2 (Buy) company is riding on product launches and solid uptake of the Grid Edge Intelligence solution. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Higher recurring revenue streams, services and software are expected to boost the Outcomes segment's performance. Better product mix and ongoing cost and efficiency improvements are cushioning the margins.
Shares of Itron have climbed 16.7% year to date. The Zacks Consensus Estimate for 2025 earnings has been revised 8.1% upward in the past 30 days to $5.89 per share, indicating year-over-year growth of 4.8%.
AMETEK: This Zacks Rank #3 (Hold) company is benefiting from solid momentum across the Electromechanical Group and Electronic Instruments Group segments.
Positive contributions from Paragon Medical, Bison Engineering, Virtek Vision, Navitar, Alphasense, Magnetrol International and Crank Software acquisitions are driving the segments' performance. Expanding portfolio with the launch of the EDAX Elite Ultra Energy dispersive X-ray spectroscopy system and the Phantom KT-series are noteworthy developments.
Shares of AMETEK have climbed 2.8% year to date. The Zacks Consensus Estimate for 2025 earnings has been revised four cents upward in the past 30 days to $7.14 per share, indicating year-over-year growth of 4.5%.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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Zacks Industry Outlook Highlights AMETEK and Itron

The Zacks Electronics – Testing Equipment industry has been suffering from a challenging global macroeconomic environment, end-market volatility, unfavorable forex and growing geo-political tensions. The sluggish automotive sector, due to declining investments in electric vehicles, has been a major headwind for industry participants. The factory automation end market has remained weak, and the conservative capital expenditure spending trend across consumer electronics is a headwind. However, industry players like Cognex CGNX and Itron ITRI are benefiting from 5G-related growth opportunities, strengthening automation drive and the Industry 4.0 momentum. The increasing adoption of software-enabled testing instruments and devices is another positive.
Industry Description
The Zacks Electronics – Testing Equipment industry comprises companies offering advanced instruments, electronic testing equipment solutions, thermal management systems, electrical connectors, motors and various test solutions. The major end markets served by this industry are consumer, automobile, industrial, aerospace and defense, healthcare, semiconductors and communications, to name a few. Industry participants have been making technological advancements to gain traction among semiconductors, vehicles, machinery, smartphones and medical device manufacturers, who are constantly increasing their spending on electronic components.
4 Trends Shaping the Future of Electronics - Testing Equipment Industry
Solid Adoption of Motion Control & Test Systems is Positive: The rising utilization of precision motion-control solutions and automatic test systems in motion-control devices and testing products, particularly in the aerospace, automation, medical and military markets, is an upside. Commercial motor and autonomous vehicles will likely continue to hike the demand for vehicle-tracking systems, fleet-management solutions and other private fleet applications, which are part of the industry’s key offerings.
Synergies in the Pharmaceutical Market Are Tailwinds: The industry has been steadily gaining from the increasing use of electrical instruments and software to interrogate the biological properties of molecules and cells in clinical and medical science research. The rapid adoption of the solutions is anticipated to drive growth for participants in the pharmaceutical end market. Agilent is capitalizing on the trend and gaining traction in the life science research space. The pharmaceutical market holds immense prospects, courtesy of the growing utilization of electronic testing equipment. Rising demand for RF test equipment by medical device manufacturers is another uptrend.
5G Prospects Act as Boons: The growing deployment of 5G holds near-term promises for the industry players. Another major positive is an uptick in demand for 5G test solutions required for 5G deployment. In addition, the ongoing trend of migrating infrastructure workloads to the cloud, which continues to bolster the demand for high-speed Internet services, bodes well for electronic companies associated with 5G. The growing number of high-speed data centers worldwide is another tailwind. Given the upbeat scenario, the industry is anticipated to remain on the growth trajectory, backed by efforts to reinforce the 5G strength.
Macroeconomic Headwinds Pose Concerns: Due to the challenging macroeconomic scenario, enterprises are reluctant to sign multi-year deals worldwide. These trends do not bode well for the industry participants.
Zacks Industry Rank Indicates Dim Prospects
The Zacks Electronics – Testing Equipment industry is housed within the broader Zacks Computer and Technology sector. It carries a Zacks Industry Rank #201 at present, which places it in the bottom 19% of more than 250 Zacks industries.
The group’s Zacks Industry Rank, the average of the Zacks Rank of all the member stocks, indicates dim near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than two to one.
The industry’s position in the bottom 50% of the Zacks-ranked industries is a result of a negative earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are pessimistic about this group’s earnings growth potential. The industry’s earnings estimates for 2025 have moved south by 3.4% since July 31, 2024.
Before we present a few stocks worth considering for your portfolio, let us look at the industry’s recent stock-market performance and the valuation picture.
Industry Underperforms S&P 500 & Sector
The Zacks Electronics – Testing Equipment Industry has underperformed the S&P 500 and its sector over the past year. The industry has declined 0.8% over this period against the S&P 500’s appreciation of 18.4% and the broader sector’s return of 18.6%.
One-Year Price Performance
Industry's Current Valuation
Based on the forward 12-month price-to-earnings ratio (P/E), a commonly used multiple for valuing the Electronics – Testing Equipment stocks, the industry is currently trading at 23.59X, higher than the S&P 500’s 22.1X and lower than the sector’s 25.78X.
Over the past five years, the industry has traded as high as 25.97X and as low as 22.79X, with a median of 23.51X, as the chart below shows.
Forward 12-Month P/E Ratio
2 Testing Equipment Stocks to Watch
Itron: This Liberty Lake, WA-based entity is gaining from rising trends in electrification, gas safety, energy transition, grid edge digitalization and water efficiency. Increasing demand for smart water meters and electric solutions is contributing well. Strength in the Networked Solutions business, bolstered by new projects and ongoing large-scale deployments, augurs well.
This Zacks Rank #3 (Hold) company is riding on new product launches and solid uptake of the Grid Edge Intelligence solution. Higher recurring revenue streams, services and software are expected to boost the Outcomes segment’s performance. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Shares of Itron have declined 6.3% year to date. The Zacks Consensus Estimate for 2025 earnings has been revised a penny downward in the past 30 days to $4.84 per share, indicating a year-over-year decline of 13.88%.
Price and Consensus: ITRI
Cognex: This Natick, MA-based company’s strategy of infusing Artificial Intellignce (AI) into its machine vision products and successful integration of Moritex bodes well for its prospects.
CGNX launched the industry’s first AI-enabled 3D smart camera, the In-Sight L38 and the modular vision tunnel portfolio, which features the powerful DataMan 380 barcode reader that uses improved decoding and is optimized for logistics applications.
Shares of this Zacks Rank #3 company have declined 8.5% year to date. The Zacks Consensus Estimate CGNX’s 2025 earnings has declined 5.4% over the past 30 days to 88 cents per share, indicating year-over-year growth of 18.92%.
Price and Consensus: CGNX
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2 Electronics Testing Stocks to Watch From a Challenging Industry

Key Points
Non-GAAP earnings per share of $1.62 in Q2 2025 beat expectations by 20%, while GAAP revenue slightly missed, declining 0.3% year over year compared to Q2 2024.
Gross margin expanded by 2.3 percentage points to 36.9% in Q2 2025, driving record profitability and cash flow for the period, despite persistent trade policy and supply chain risks.
Itron (NASDAQ:ITRI), a global leader in grid edge intelligence and metering technology, released its second quarter 2025 earnings on July 31, 2025. The most notable news from the release was a significant earnings beat, as non-GAAP earnings per share reached $1.62, compared to analyst estimates of $1.35. However, the company’s GAAP revenue came in slightly below expectations at $607 million, slightly down from last year and from the consensus GAAP revenue forecast of $608.82 million. Despite the minor revenue shortfall, Itron reported record gross margins for Q2 2025 and strong free cash flow, underpinned by continued improvements in its product mix and operational execution. Overall, the quarter was characterized by robust profitability, disciplined cost management, and a growing focus on software and recurring revenue, even as total revenue growth remained subdued.
Metric
Q2 2025
Q2 2025 Estimate
Q2 2024
Y/Y Change
EPS (Non-GAAP)
$1.62
$1.35
$1.21
33.9%
Revenue (GAAP)
$607 million
$608.82 million
$609 million
(0.3%)
Gross Margin
36.9%
34.6%
2.3 pp
Free Cash Flow (Non-GAAP)
$91 million
$45 million
102.2%
Adjusted EBITDA
$90 million
$77 million
16.9%
Source: Analyst estimates provided by FactSet. Management expectations based on management's guidance, as provided in Q1 2025 earnings report.
Company Overview and Strategic Focus
Itron is recognized for its advanced solutions in resource management for utilities and cities. Its core business spans smart meters, industrial sensors, data analytics, and software platforms that connect and manage energy and water infrastructure. The company’s primary customers include electric, gas, and water utilities as well as municipal operators seeking to optimize their grids and distribution networks.
Recently, Itron has intensified efforts in technological innovation, investing heavily in research and development to drive the next generation of edge intelligence hardware, grid automation, and software applications. Management has identified software and recurring Outcomes revenue, along with supply chain strength and strategic partnerships, as pivotal to its value proposition, proactively managing global supply chain risks, and building interoperable, software-centric product platforms.
Key Developments in the Quarter
Second quarter results displayed margin strength and disciplined cost management, even as GAAP revenue remained virtually flat at $607 million compared to $609 million in Q2 2024. Device Solutions revenue, which covers legacy electricity meters and smart water metering hardware, declined 5% due to lower legacy electricity product sales related to portfolio optimization, partially offset by increased water sales. However, Networked Solutions, responsible for communications modules and connected grid devices, posted a 1% decline in revenue compared to Q2 2024, mainly tied to shipment timing and the absence of one-time “catch-up” revenue recognized in Q2 2024.
Outcomes, Itron’s segment for utility software, data analytics, and recurring service contracts, grew 9% year over year. The Outcomes segment's revenue is primarily recurring in nature, though no explicit percentage is provided for the most recent period. Outcomes gross margin was 39.2% in Q1 2025, reflecting the segment’s increasing mix of software and high-value services. Management targets a mid-40% gross margin for the Outcomes segment as this trend continues.
but continued to flag trade policies and tariffs as potential challenges. Its “regional supply strategy” is helping limit risk, with most manufacturing sites close to end markets. Mexico remains a significant source of imports for Itron’s U.S. operations and most imports from this region are currently exempt from tariffs. Management estimates about $15 million in EBITDA exposure to tariffs for FY2025, with most of the impact coming in the back half of the year -- a notable risk as policy remains fluid.
Operationally, the company reported record profitability in Q2 2025. Gross margin (GAAP) expanded by 2.3 percentage points to 36.9% in Q2 2025, attributed to a more favorable product and customer mix. Adjusted EBITDA grew 16% year over year, and Free cash flow more than doubled compared to Q2 2024. In parallel, Cash and equivalents increased year-to-date for the six months ended June 30, 2025, while total long-term debt was reduced, strengthening the balance sheet. The company’s backlog rose by $0.4 billion over the past year to $4.5 billion as of Q2 2025, offering medium-term revenue visibility despite bookings being lower than in Q1 at $454 million.
Looking Ahead: Financial Outlook and Watch Points
Itron provided updated full-year FY2025 guidance, including revenue between $2.35 billion and $2.4 billion, and non-GAAP diluted EPS between $6.00 and $6.20. For Q3 2025, management expects revenue between $570 million and $585 million, and non-GAAP diluted EPS between $1.45 and $1.55. Looking at the full year, guidance was updated to revenue of $2.35 billion to $2.40 billion for the full year and non-GAAP diluted EPS of $6.00 to $6.20 for FY2025, and management cautioned that further policy changes could alter the trajectory for the back half of the year.
In the months ahead, investors may want to follow additional progress in growing recurring software revenue within the Outcomes segment, as well as ongoing margin performance in Device Solutions. Tariff exposure, supply chain resiliency, and macroeconomic developments remain key uncertainties.
Revenue and net income presented using U.S. generally accepted accounting principles (GAAP) unless otherwise noted.
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Itron (ITRI) Q2 EPS Jumps 34%

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the Avantis US Large Cap Equity ETF (Symbol: AVLC), we found that the implied analyst target price for the ETF based upon its underlying holdings is $75.89 per unit.
With AVLC trading at a recent price near $67.49 per unit, that means that analysts see 12.45% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of AVLC's underlying holdings with notable upside to their analyst target prices are Madrigal Pharmaceuticals Inc (Symbol: MDGL), Knife River Corp (Symbol: KNF), and Itron Inc (Symbol: ITRI). Although MDGL has traded at a recent price of $270.87/share, the average analyst target is 55.48% higher at $421.14/share. Similarly, KNF has 14.09% upside from the recent share price of $95.16 if the average analyst target price of $108.57/share is reached, and analysts on average are expecting ITRI to reach a target price of $129.15/share, which is 14.01% above the recent price of $113.28. Below is a twelve month price history chart comparing the stock performance of MDGL, KNF, and ITRI:
Below is a summary table of the current analyst target prices discussed above:
Name
Symbol
Recent Price
Avg. Analyst 12-Mo. Target
% Upside to Target
Avantis US Large Cap Equity ETF
AVLC
$67.49
$75.89
12.45%
Madrigal Pharmaceuticals Inc
MDGL
$270.87
$421.14
55.48%
Knife River Corp
KNF
$95.16
$108.57
14.09%
Itron Inc
ITRI
$113.28
$129.15
14.01%
Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.
Also see:
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Analysts Anticipate 12% Upside For The Holdings of AVLC

Itron Inc. ITRI reported non-GAAP earnings per share (EPS) of $1.52 for first-quarter 2025, which beat the Zacks Consensus Estimate by 16.9%. The company reported earnings of $1.24 per share in the prior-year quarter. Amid the ongoing tariff tensions and global trade volatility, ITRI’s regional supply strategy supports the bottom line, with most U.S. products made locally and key parts imported tariff-free from Mexico. (See the Zacks Earnings Calendar to stay ahead of market-making news.)
Revenues inched up 1% year over year to $607 million, backed by the catch-up of delayed sales in the first quarter of 2024. The Zacks Consensus Estimate was pegged at $614.3 million. The figure also missed management’s guidance ($610-$620 million) owing to weakness across the Device Solutions and Networked Solutions segments amid strength in the Outcomes unit.
However, management highlighted steady customer demand in the first quarter, driven by grid modernization and automation, with Itron’s grid edge solutions supporting strong performance.
Itron, Inc. Price, Consensus and EPS Surprise
Itron, Inc. price-consensus-eps-surprise-chart | Itron, Inc. Quote
Product revenues were $523.1 million (86.2% of total revenues), down 0.9% year over year. Service revenues totaled $84 million (13.8%), up 11.1%.
Itron’s bookings were $530 million and its backlog amounted to $4.7 billion at the end of the reported quarter. Notable first-quarter bookings include a key project with FirstEnergy to improve outage detection, data management and give consumers better energy insights.
In response to the mixed performance, ITRI’s shares declined 2.9% and closed the trading session at $108.05 on May 1. The stock has gained 1% in the past year against the Zacks Electronics-Testing Equipment industry’s decline of 4.9%.
Image Source: Zacks Investment Research
Segments in Detail
Device Solutions: Revenues generated from this segment were $125.9 million (20.7% of total revenues), which dropped 1% (up 2% in constant currency) due to increased smart water sales, which were partially offset by declining sales in legacy electricity products.
Networked Solutions: Revenues of $402.7 (66.3%) million decreased 1%, largely attributed to the timing of shipments and project deployments. In addition, the prior year’s revenues included catch-up sales previously constrained, creating a tough year-over-year comparison.
Outcomes: Revenues of $78.5 million (13%) improved 14% on a year-over-year basis, driven by higher recurring revenues and increased software license sales.
Operating Details
Itron’s gross margin was 35.8%, which expanded 180 basis points on a year-over-year basis. This improvement was attributed to a more favorable product mix and continued operational efficiencies and cost discipline.
Non-GAAP operating expenses of $137 million fell 0.8% year over year.
Non-GAAP operating income was $80.3 million compared with $67.3 million in the year-ago quarter. The increase was due to improved gross profit and reduced non-GAAP operating costs.
Balance Sheet & Cash Flows
As of March 31, 2025, cash and cash equivalents totaled $1.123 billion compared with $1.05 billion as of Dec 31, 2024. Accounts receivable were $346.6 million.
As of March 31, net long-term debt was $786.1 million compared with $1.24 billion as of Dec 31, 2024.
Itron generated $72 million of cash from operations in the reported quarter compared with $41 million in the prior-year quarter.
In the first quarter, the free cash flow reached $67 million, up from $34 million in the previous year's quarter. The rise in free cash flow was attributed to stronger earnings, better working capital management and increased interest income.
Q2 2025 Guidance
Itron expects revenues to be between $605 million and $615 million, flat at midpoint compared to last year.
Non-GAAP EPS is anticipated to be in the range of $1.30-$1.40, with about 12% growth at the midpoint compared to last year.
ITRI’s Zacks Rank
Currently, Itron carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1(Strong Buy) Rank stocks here.
Recent Performance of Other Companies
Badger Meter, Inc. BMI reported EPS of $1.30 for first-quarter 2025, which beat the Zacks Consensus Estimate by 20.4%. Also, the bottom line compared favorably with the year-ago quarter’s EPS of 99 cents.
In the past year, shares of BMI have gained 18.8%.
Cadence Design Systems CDNS reported first-quarter 2025 non-GAAP EPS of $1.57, which beat the Zacks Consensus Estimate by 5.4%. The bottom line increased 34.2% year over year, exceeding management’s guided range of $1.46-$1.52.
Shares of Cadence have gained 9.6% in the past year.
Woodward, Inc. WWD reported second-quarter fiscal 2025 adjusted net earnings per share (EPS) of $1.69, which increased 4.3% year over year. The figure beat the Zacks Consensus Estimate by 17.4%.
In the past six months, shares of WWD have gained 13.9%.
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Badger Meter, Inc. (BMI) : Free Stock Analysis Report
Itron, Inc. (ITRI) : Free Stock Analysis Report
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Woodward, Inc. (WWD) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

ITRI's Q1 Earnings Top, Sales Lag Despite Margin Growth, Stock Tanks

$60,000 of NITRON GROUP LLC lobbying was just disclosed, from Q1 of 2025, in a new Lobbying Disclosure Act filing.
This included lobbying on issues like:
"Guidance on issues regulated by the State and Treasury departments."
You can find more data on corporate lobbying on Quiver Quantitative.
ITRI Insider Trading Activity
ITRI insiders have traded $ITRI stock on the open market 35 times in the past 6 months. Of those trades, 0 have been purchases and 35 have been sales.
Here’s a breakdown of recent trading of $ITRI stock by insiders over the last 6 months:
THOMAS DEITRICH (President & CEO) has made 0 purchases and 6 sales selling 74,846 shares for an estimated $7,785,763.
JOAN S HOOPER (SVP & CFO) has made 0 purchases and 4 sales selling 13,847 shares for an estimated $1,357,386.
DONALD L. III REEVES (SVP, Outcomes) has made 0 purchases and 5 sales selling 8,253 shares for an estimated $837,526.
JOHN F. MARCOLINI (SVP, Networked Solutions) has made 0 purchases and 4 sales selling 5,807 shares for an estimated $566,588.
JUSTIN K PATRICK (SVP, Device Solutions) has made 0 purchases and 4 sales selling 2,727 shares for an estimated $266,543.
LAURIE ANN PULATIE-HAHN (SVP, HR) has made 0 purchases and 4 sales selling 931 shares for an estimated $92,475.
CHRISTOPHER E. WARE (SVP, GC & Corp. Secretary) has made 0 purchases and 3 sales selling 842 shares for an estimated $81,647.
MARY C. HEMMINGSEN has made 0 purchases and 2 sales selling 750 shares for an estimated $80,452.
DAVID MARSHALL WRIGHT (VP, Corp. Controller & CAO) has made 0 purchases and 3 sales selling 587 shares for an estimated $58,062.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
ITRI Hedge Fund Activity
We have seen 210 institutional investors add shares of ITRI stock to their portfolio, and 176 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
NORGES BANK added 341,458 shares (+134.6%) to their portfolio in Q4 2024, for an estimated $37,075,509
BOWEN HANES & CO INC added 253,140 shares (+inf%) to their portfolio in Q4 2024, for an estimated $27,485,941
INVESCO LTD. removed 246,425 shares (-9.9%) from their portfolio in Q4 2024, for an estimated $26,756,826
MACQUARIE GROUP LTD added 233,647 shares (+813.7%) to their portfolio in Q4 2024, for an estimated $25,369,391
BANK OF NEW YORK MELLON CORP added 227,089 shares (+47.9%) to their portfolio in Q4 2024, for an estimated $24,657,323
WELLINGTON MANAGEMENT GROUP LLP added 214,600 shares (+180.7%) to their portfolio in Q4 2024, for an estimated $23,301,268
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added 196,396 shares (+85.7%) to their portfolio in Q4 2024, for an estimated $21,324,677
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
This article is not financial advice. See Quiver Quantitative's disclaimers for more information.
This article was originally published on Quiver News, read the full story.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Lobbying Update: $60,000 of NITRON GROUP LLC lobbying was just disclosed

U.S. equities finished Friday’s session with modest gains as investors digested a mix of central bank signals and looming trade policy concerns. The S&P 500 inched up 0.08% to settle at 5,667.56, while the Nasdaq Composite posted a stronger performance, climbing 0.52% to close at 17,784.05. The Dow Jones Industrial Average added 32.05 points, also gaining 0.08%, to finish at 41,985.35.
The uncertainty surrounding potential tariffs added a layer of caution to trading activity, as investors remain wary of the potential drag on economic momentum. Concerns about how such policies could impact an already moderating growth environment continued to weigh on sentiment. Meanwhile, the Federal Reserve maintained its benchmark interest rate in the 4.25-4.5% range, a level it has held since December.
In an environment marked by geopolitical uncertainty and shifting monetary policy, the markets continue to walk a tightrope. Against such a backdrop, value stocks stand out as a compelling investment option. Trading below their intrinsic value, these stocks offer a margin of safety during market fluctuations.
When evaluating value stocks, one of the most effective valuation metrics is the Price to Cash Flow (P/CF) ratio. Companies like Fresenius Medical Care AG FMS, EnerSys ENS, General Motors Company GM and Itron, Inc. ITRI boast a low P/CF ratio. The P/CF ratio evaluates the market price of a stock relative to the amount of cash flow that the company is generating on a per-share basis — the lower the number, the better.
Price to Cash Flow Reflects Financial Health
Value investing is considered one of the best practices when it comes to picking stocks. It is essentially about selecting stocks that are fundamentally sound but have been beaten down by some external factors. Such stocks are poised to bounce back as and when investors recognize the inherent value of companies. Certainly, the value investment strategy best suits investors with a long-term horizon.
There are different valuation metrics to determine a stock’s inherent strength. Still, a random selection of a ratio cannot serve your purpose if you want a realistic assessment of a company’s financial position. For this, the Price to Cash Flow (or P/CF) ratio is one of the key metrics.
Price-to-Cash-Flow metric evaluates the market price of a stock relative to the amount of cash flow that the company is generating on a per-share basis — the lower the number, the better. One of the important factors that makes P/CF a highly dependable metric is that operating cash flow adds back non-cash charges such as depreciation and amortization to net income, truly diagnosing a company's financial health.
Analysts caution that a company’s earnings are subject to accounting estimates and management manipulation. However, cash flow is reliable. Net cash flow unveils how much money a company is actually generating and how effectively management is deploying the same.
Positive cash flow indicates an increase in a company’s liquid assets. It gives the company the means to settle debt, meet its expenses, reinvest in its business, endure downturns and finally pay back its shareholders. Negative cash flow implies a decline in the company’s liquidity, which in turn lowers its flexibility to support these moves.
What’s the Best Value Investing Strategy?
An investment decision based solely on the P/CF metric may not yield the desired results. To identify stocks that are trading at a discount, you should expand your search criteria and also consider the price-to-book ratio, price-to-earnings ratio, and price-to-sales ratio. Adding a favorable Zacks Rank and a Value Score of A or B to your search criteria should lead to even better results as these eliminate the chance of falling into a value trap.
Here are the parameters for selecting true-value stocks:
P/CF less than or equal to X-Industry Median.
Price greater than or equal to 5: The stocks must all be trading at a minimum of $5 or higher.
Average 20-Day Volume greater than 100,000: A substantial trading volume ensures that the stock is easily tradable.
P/E using (F1) less than or equal to X-Industry Median: This parameter shortlists stocks that are trading at a discount or are equal to their peers.
P/B less than or equal to X-Industry Median: A lower P/B compared with the industry average implies that there is enough room for the stock to gain.
P/S less than or equal to X-Industry Median: The P/S ratio determines how a stock price compares to the company’s sales — the lower the ratio, the more attractive the stock is.
PEG less than 1: The ratio is used to determine a stock's value by taking the company's earnings growth into account. The PEG ratio gives a more complete picture than the P/E ratio. A value of less than 1 indicates that the stock is undervalued and that investors need to pay less for a stock that has robust earnings growth prospects.
Zacks Rank less than or equal to 2: Zacks Rank #1 (Strong Buy) or 2 (Buy) stocks are known to outperform irrespective of the market environment.
Value Score of less than or equal to B: Our research shows that stocks with a Style Score of A or B, when combined with Zacks Rank #1 or 2, offer the best upside potential.
Here are four of the 11 value stocks that qualified the screening:
Fresenius Medical Care, the world's leading provider of products and services for individuals with renal diseases, sports a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 15.7%, on average. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Fresenius Medical’s current financial year sales and earnings per share (EPS) suggests growth of 0.6% and 22.9%, respectively, from the year-ago period. FMS has a Value Score of A. Shares of FMS have advanced 28.2% in the past year.
EnerSys, the global leader in stored energy solutions for industrial applications, carries a Zacks Rank #2. The company has a trailing four-quarter earnings surprise of 2.2%, on average.
The Zacks Consensus Estimate for EnerSys’ current financial year sales and EPS implies growth of 1% and 19.8%, respectively, from the year-ago period. ENS has a Value Score of A. Shares of ENS were up 3.9% in the past year.
See the Zacks Earnings Calendar to stay ahead of market-making news.
General Motors, which designs, builds and sells cars, trucks, crossovers and automobile parts globally, carries a Zacks Rank #2. The company has a trailing four-quarter earnings surprise of 15.8%, on average.
The Zacks Consensus Estimate for General Motors’ current financial year EPS calls for growth of 8.6% from the year-ago period. General Motors has a Value Score of A. Shares of GM have rallied 14.3% in the past year.
Itron, a technology, solutions and service company that provides end-to-end solutions to help manage energy, water and smart city operations, carries a Zacks Rank #2. The company has a trailing four-quarter earnings surprise of 40.8%, on average.
The Zacks Consensus Estimate for Itron’s current financial year sales indicates growth of 0.6% from the year-ago period. Itron has a Value Score of B. The stock has jumped 18.5% in the past year.
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Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
Disclosure: Performance information for Zacks’ portfolios and strategies are available at: https://www.zacks.com/performance.
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Itron, Inc. (ITRI) : Free Stock Analysis Report
Fresenius Medical Care AG & Co. KGaA (FMS) : Free Stock Analysis Report
General Motors Company (GM) : Free Stock Analysis Report
Enersys (ENS) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

4 Value Picks That Could Weather Tariff Volatility and Slowing Growth

Itron, Inc. ITRI recently announced a collaboration with Tesla Inc. TSLA and Xcel Energy XEL to deploy an advanced virtual power plant (VPP) in Colorado. This initiative marks a significant milestone in Itron’s ongoing work with Xcel Energy to manage the increasing number of distributed energy resources (DERs) using Itron’s Grid Edge Intelligence (GEI) solutions. The project aims to enhance the management of DERs, maximizing their value and benefits for energy providers and customers alike.
Attendees can visit Itron at DISTRIBUTECH 2025, taking place March 25-27 at booth #3008, to learn more about Itron’s IntelliFLEX solution.
Itron, Inc. Price and Consensus
Itron, Inc. price-consensus-chart | Itron, Inc. Quote
Recently, the company introduced IntelliFLEX, a flexible, end-to-end solution for near real-time DER optimization. It enables aggregation, forecasting and artificial intelligence (AI)-driven load balancing across AMI networks, DER aggregators and consumer energy assets.
Itron’s IntelliFLEX Aggregator Distributed Energy Resource Management System (DERMS) is a key component of its GEI portfolio. Powered by distributed intelligence, IntelliFLEX enables energy providers to aggregate and localize the management of DERs such as residential battery storage systems, rooftop solar panels, EV chargers, smart thermostats and more. With proven scalability, IntelliFLEX currently manages over 3 million DER devices for 30 utilities across the United States.
What Does This Collaboration Offer?
This collaboration will directly integrate Itron’s IntelliFLEX solution with Tesla’s battery storage platform, specifically leveraging solar power stored in Tesla Powerwall home batteries to provide real-time grid support. The integration will expand Xcel Energy’s Renewable Battery Connect program, increasing the number of dispatchable residential batteries and helping accelerate the utility’s electrification goals. By utilizing stored solar energy during periods of peak demand, Xcel Energy can stabilize the grid more effectively while supporting its customers with clean energy.
Colorado’s abundant sunshine — averaging over 300 sunny days annually — makes it an ideal location for solar energy generation and battery storage. As one of the first states to adopt a Renewable Energy Standard, Colorado continues to lead in renewable innovation. Xcel Energy’s Renewable Battery Connect program is a first-of-its-kind model in the state, enabling a coordinated response to energy demand through VPP technology. By combining aggregator DERMS from Itron and battery solutions from Tesla, the program allows a network of DERs to function collectively as a single “virtual” power plant, delivering reliable energy back to the grid during critical times. The integration of Itron’s DERMS platform with Tesla’s battery technology will streamline DER coordination, customer enrollment, event dispatch and overall program optimization.
Strategic collaborations and deal wins are proving to be Itron’s key strength areas. In January 2025, it partnered with Encycle Technologies to improve energy efficiency for businesses by optimizing HVAC systems. The initiative helps reduce energy use during peak demand, easing grid stress and boosting reliability. In December 2024, Xcel Energy collaborated to harness Itron’s DERMS technology to address Colorado's evolving energy needs. In November 2024, the company joined forces with Pacific Gas and Electric Company (PG&E) to enhance the availability and affordability of electric vehicle charging for PG&E's customers. In the fourth quarter, Pepco renewed its long-term partnership with Itron to continue supporting participants and advance next-generation edge demand response technologies, including Itron's distributed intelligence.
ITRI’s Zacks Rank and Stock Price Performance
ITRI currently carries a Zacks Rank #2 (Buy). The stock has gained 19.4% in the past year against the Zacks Electronics - Testing Equipment industry’s decline of 7.5%.
Image Source: Zacks Investment Research
Other Stock to Consider in the Computer and Technology Space
Another top-ranked stock from the broader technology space is Unity Software Inc. U. U currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Unity Software’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 65.52%. In the last reported quarter, U delivered an earnings surprise of 14.29%. The company’s long-term earnings growth rate is 5.7%. Its shares have declined 1.6% in the past six months.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

ITRI Teams With Tesla & Xcel to Deploy Virtual Power Plant in Colorado

Itron Inc. ITRI and its channel partner, National Rural Telecommunications Cooperative (“NRTC”) have recently been selected by Arkansas Valley Electric Cooperative Corporation (“AVECC”) to redefine AVECC’s power grid by utilizing its existing fiber optic network and implementing Itron’s advanced smart grid technology. AVECC serves nearly 63,000 members across the Arkansas River Valley, maintaining more than 6,000 miles of distribution lines.
Backed by funding from the U.S. Department of Energy’s Grid Resilience and Innovation Partnerships (“GRIP”) Program, the project involves deploying Itron’s Gen5 Riva smart meters connected through Itron’s fiber-enabled communications technology. The initiative was undertaken to improve grid reliability, promote clean energy adoption and empower rural communities through advanced technology.
ITRI’s Role in AVECC’s Grid Modernization Efforts
Recognizing the need to improve grid reliability and efficiency, AVECC launched its Advanced Smart Grid Project in 2018 by deploying a Gigabit Passive Optical Network (GPON) fiber communications system. This high-speed, secure network provided connectivity to AVECC's electric substations and facilitated Internet access for community members.
However, to further enhance energy distribution, AVECC is upgrading its GPON fiber infrastructure by integrating Itron’s Fiber MiniAP devices, enabling connectivity for Itron electric smart meters across its service area. This is likely to give AVECC better grid visibility, control and analytics while allowing members to access enhanced services and detailed usage data.
The Fiber MiniAP is a highly flexible communication device that can extend industrial IoT (IIoT) network coverage in rural, low-meter-per-mile areas. It seamlessly supports both fiber and RF Mesh communications, enabling AVECC to connect smart grid assets, enhance network visibility and improve operational efficiency. As AVECC continues its smart grid journey, the deployment of Itron’s Gen5 Riva smart meters and Fiber MiniAP devices will enable utilities to harness advanced smart grid technologies for better energy management and reliability.
Strong business pipeline activities, driven by the increasing adoption of the grid edge intelligence platform, are driving ITRI’s revenue growth. In the last reported quarter, revenues of $613 million beat the Zacks Consensus Estimate by 1.6% and grew 6% year over year, exceeding the high end of the company’s guided range. Driven by momentum, it expects revenues to be between $610 million and $620 million for the first quarter of 2025.
ITRI’s Zacks Rank and Stock Price Performance
ITRI currently carries a Zacks Rank #2 (Buy). The stock has gained 14.1% in the past year against the Zacks Electronics-Testing Equipment industry’s decline of 3%.
Image Source: Zacks Investment Research
Other Stocks to Consider
Some other top-ranked stocks from the broader technology space are InterDigital, Inc. IDCC, Ubiquiti Inc. UI and Arista Networks, Inc. ANET. IDCC & UI presently sport a Zacks Rank #1 (Strong Buy), while ANET carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
IDCC is a pioneer in advanced mobile technologies that enable wireless communications and capabilities. The company engages in designing and developing a wide range of advanced technology solutions, which are used in digital cellular as well as wireless 3G, 4G and IEEE 802-related products and networks. It has a long-term growth expectation of 15%.
Ubiquiti’s effective management of its strong global network of more than 100 distributors and master resellers improved its visibility for future demand and inventory management techniques. In the last reported quarter, Ubiquiti delivered an earnings surprise of 33.3%. Its highly flexible global business model remains apt to adapt to the changing market dynamics to overcome challenges while maximizing growth.
Arista delivered a trailing four-quarter average earnings surprise of 12.87%. It has a long-term growth expectation of 14.41%. It supplies products to a prestigious set of customers, including Fortune 500 global companies in markets such as cloud titans, enterprises, financials and specialty cloud service providers.
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Itron, Inc. (ITRI) : Free Stock Analysis Report
InterDigital, Inc. (IDCC) : Free Stock Analysis Report
Arista Networks, Inc. (ANET) : Free Stock Analysis Report
Ubiquiti Inc. (UI) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

AVECC Partners With Itron & NRTC to Modernize Energy Infrastructure

(RTTNews) - Itron Inc. (ITRI) will host a conference call at 10:00 AM ET on Feb. 25, 2025, to discuss Q4 24 earnings results.
To access the live webcast, log on to https://investors.itron.com/?_gl=1*isxbk3*_gcl_au*OTQ2NzE5NTI0LjE3NDA0OTE3MDQ.*_ga*MTEzOTM4Nzk3NC4xNzQwNDkxNzA1*_ga_087BE9KQS6*MTc0MDQ5MTcwNC4xLjEuMTc0MDQ5MTcxMy4wLjAuMA..
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Indicator	TTM Median
P/E	22.00 28.98
Price/Sales	2.28 2.58
P/B	3.64 2.76
P/FCF	23.10 24.31

Indicator	TTM Median
ROE	18.16 15.33
ROA	7.43 6.66
ROI	10.02 9.73
Net Worth	5.57 0.98
Quick Ratio	1.65 1.53
Current Ratio	1.94 1.84

Indicator	TTM Median
Net Profit Margin	10.31 9.71
Operating Margin	11.37 11.07
Gross Margin	34.82 50.00
Return on tangible equity	90.08 27.59

Indicator	TTM Median
EPS	1.52 0.24
EPS Forecast	1.13 0.19
Revenue	607.00M 73.00M
Gross Profit	217.00M —
EBITDA	90.00M —

Itron, Inc.

Fundamental ITRI

Valuation

Debts

Efficiency

Other ratios

Revenue