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Badger Meter (BMI) closed the latest trading day at $209.70, indicating a -0.3% change from the previous session's end. The stock outperformed the S&P 500, which registered a daily loss of 1.76%. Elsewhere, the Dow lost 1.48%, while the tech-heavy Nasdaq lost 2.64%.
Shares of the manufacturer of products that measure gas and water flow witnessed a loss of 1.67% over the previous month, beating the performance of the Computer and Technology sector with its loss of 4.55% and underperforming the S&P 500's loss of 1.26%.
Analysts and investors alike will be keeping a close eye on the performance of Badger Meter in its upcoming earnings disclosure. The company is predicted to post an EPS of $1.08, indicating a 9.09% growth compared to the equivalent quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $222.04 million, indicating a 13.12% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $4.65 per share and revenue of $931.8 million, which would represent changes of +9.93% and +12.73%, 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. 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 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, 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. Over the past month, the Zacks Consensus EPS estimate has shifted 2.3% downward. Currently, Badger Meter is carrying a Zacks Rank of #3 (Hold).
Digging into valuation, Badger Meter currently has a Forward P/E ratio of 45.27. For comparison, its industry has an average Forward P/E of 23.63, which means Badger Meter is trading at a premium to the group.
Also, we should mention that BMI has a PEG ratio of 3.75. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. By the end of yesterday's trading, the Instruments - Control industry had an average PEG ratio of 3.34.