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In the latest market close, Badger Meter (BMI) reached $220, with a +1.44% movement compared to the previous day. The stock exceeded the S&P 500, which registered a gain of 1.1% for the day. On the other hand, the Dow registered a gain of 0.91%, and the technology-centric Nasdaq increased by 1.35%.
The the stock of manufacturer of products that measure gas and water flow has fallen by 1.53% in the past month, lagging the Computer and Technology sector's gain of 5.09% and the S&P 500's gain of 0.22%.
Market participants will be closely following the financial results of Badger Meter in its upcoming release. The company's upcoming EPS is projected at $1, signifying a 19.05% increase compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $198.92 million, up 9.04% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $4.19 per share and revenue of $820.32 million, indicating changes of +33.44% and +16.59%, respectively, compared to the previous year.
Investors should also take note of any recent adjustments to analyst estimates for Badger Meter. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Badger Meter is holding a Zacks Rank of #2 (Buy) right now.
Looking at its valuation, Badger Meter is holding a Forward P/E ratio of 51.78. This indicates a premium in contrast to its industry's Forward P/E of 23.32.
We can also see that BMI currently has a PEG ratio of 2.72. 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. As of the close of trade yesterday, the Instruments - Control industry held an average PEG ratio of 2.72.
The Instruments - Control industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 218, finds itself in the bottom 14% echelons of all 250+ industries.