Water monitoring and measurement company Badger Meter (NYSE:BMI) will release results Tuesday morning. Here's what you need to know.
Last quarter, Badger Meter beat analysts' revenue expectations by 0.6%, reporting revenue of $238.1 million, up 9.9% year over year. It was a softer quarter for the company, with analysts' EPS and EBITDA estimates lagging significantly.
Is Badger Meter a profit-making buy or sell? Read our full analysis here, it's free for active Edge members..
Analysts expect Badger Meter's revenue to rise 11% year over year to $231.4 million this quarter, matching the 11.9% growth recorded in the same quarter last year. Adjusted earnings are expected to be $1.14 per share.
Analysts covering the company have broadly reaffirmed their estimates over the past 30 days, suggesting they expect the business to continue on its earnings path. In the last two years, Badger Meter missed Wall Street's earnings estimates twice.
Looking at Badger Meter's competitors in the electrical segment, only Acuity Brands reported results. The company missed analysts' estimates by 1.5%, delivering year-over-year sales growth of 17.1%. At the end of the action, shares rose 3.3%.
Read our full analysis Acuity Brands earnings results here.
Investors in the electrical equipment segment are confidently pursuing profits, with share prices unchanged last month. Badger Meter shares are up 1.5% over the same period and are approaching earnings, with an average analyst price target of $232.57 (versus the current share price of $179.94).
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