Badger Meter (BMI) ended the recent trading session at $185.07, demonstrating a -2.23% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 0.43%. Elsewhere, the Dow saw a downswing of 0.77%, while the tech-heavy Nasdaq depreciated by 0.22%.
The stock of manufacturer of products that measure gas and water flow has fallen by 1.93% in the past month, lagging the Computer and Technology sector's gain of 2.56% and the S&P 500's gain of 2.65%.
The investment community will be closely monitoring the performance of Badger Meter in its forthcoming earnings report. On that day, Badger Meter is projected to report earnings of $1.12 per share, which would represent year-over-year growth of 3.7%. Meanwhile, our latest consensus estimate is calling for revenue of $229.81 million, up 10.25% from the prior-year quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $4.72 per share and a revenue of $920.26 million, representing changes of +11.58% and +11.34%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Badger Meter. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 2.63% decrease. As of now, Badger Meter holds a Zacks Rank of #5 (Strong Sell).
Valuation is also important, so investors should note that Badger Meter has a Forward P/E ratio of 40.11 right now. This expresses a premium compared to the average Forward P/E of 28.69 of its industry.
We can additionally observe that BMI currently boasts a PEG ratio of 3.33. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Instruments – Control industry had an average PEG ratio of 3.33 as trading concluded yesterday.
