In the latest close session, Badger Meter (BMI) was down 1.78% at $240.58. The stock trailed the S&P 500, which registered a daily loss of 0.11%. Meanwhile, the Dow gained 0.91%, and the Nasdaq, a tech-heavy index, lost 0.82%.
Shares of the manufacturer of products that measure gas and water flow have depreciated by 2.7% over the course of the past month, underperforming the Computer and Technology sector's gain of 8.76%, and the S&P 500's gain of 5.17%.
Analysts and investors alike will be keeping a close eye on the performance of Badger Meter in its upcoming earnings disclosure. On that day, Badger Meter is projected to report earnings of $1.19 per share, which would represent year-over-year growth of 6.25%. Meanwhile, our latest consensus estimate is calling for revenue of $234.33 million, up 8.16% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $4.91 per share and a revenue of $924.92 million, indicating changes of +16.08% and +11.9%, respectively, from the former year.
It is also important to note the recent changes to analyst estimates for Badger Meter. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 1.86% increase. Badger Meter presently features a Zacks Rank of #3 (Hold).
Looking at its valuation, Badger Meter is holding a Forward P/E ratio of 49.88. This expresses a premium compared to the average Forward P/E of 26.51 of its industry.
One should further note that BMI currently holds a PEG ratio of 3.51. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Instruments - Control industry had an average PEG ratio of 3.51 as trading concluded yesterday.
The Instruments - Control industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 203, positioning it in the bottom 18% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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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