Badger Meter (BMI) closed at $146.00 in the latest trading session, marking a -2.09% move from the prior day. The stock trailed the S&P 500, which registered a daily loss of 0.57%. At the same time, the Dow lost 1.61%, and the tech-heavy Nasdaq lost 0.26%.
The manufacturer of products that measure gas and water flow's shares have seen an increase of 1.91% over the last month, surpassing the Computer and Technology sector's loss of 0.64% and the S&P 500's loss of 0.15%.
The upcoming earnings release of Badger Meter will be of great interest to investors. On that day, Badger Meter is projected to report earnings of $1.22 per share, which would represent a year-over-year decline of 6.15%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $231.56 million, up 4.21% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $5.03 per share and a revenue of $968.27 million, representing changes of +5.01% and +5.63%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Badger Meter. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Badger Meter currently has a Zacks Rank of #5 (Strong Sell).
With respect to valuation, Badger Meter is currently being traded at a Forward P/E ratio of 29.63. This indicates a premium in contrast to its industry's Forward P/E of 26.08.
It is also worth noting that BMI currently has a PEG ratio of 2.39. 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. The Instruments - Control industry currently had an average PEG ratio of 1.71 as of yesterday's close.
The Instruments - Control industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 181, finds itself in the bottom 27% echelons of all 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming 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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