In the latest close session, Badger Meter (BMI) was down 1.79% at $179.44. This move lagged the S&P 500's daily gain of 0.27%. On the other hand, the Dow registered a gain of 0.43%, and the technology-centric Nasdaq increased by 0.37%.
Heading into today, shares of the manufacturer of products that measure gas and water flow had lost 3.26% over the past month, lagging the Computer and Technology sector's gain of 2.4% and the S&P 500's gain of 1.85%.
Market participants will be closely following the financial results of Badger Meter in its upcoming release. The company is predicted to post an EPS of $1.12, indicating a 3.7% growth compared to the equivalent quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $229.81 million, up 10.25% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $4.72 per share and revenue of $920.26 million. These totals would mark changes of +11.58% and +11.34%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Badger Meter. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. As of now, Badger Meter holds a Zacks Rank of #4 (Sell).
Valuation is also important, so investors should note that Badger Meter has a Forward P/E ratio of 38.72 right now. This represents a premium compared to its industry average Forward P/E of 28.78.
Meanwhile, BMI's PEG ratio is currently 3.22. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Instruments - Control stocks are, on average, holding a PEG ratio of 3.22 based on yesterday's closing prices.
The Instruments - Control industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 55, this industry ranks in the top 23% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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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Badger Meter, Inc. (BMI): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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