ITRI Stock - Itron, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $2.44B | $2.17B | $1.80B | $1.98B | $2.17B |
| Gross Profit | $839.32M | $713.91M | $522.19M | $573.17M | $602.17M |
| Gross Margin | 34.4% | 32.8% | 29.1% | 28.9% | 27.7% |
| Operating Income | $264.11M | $128.87M | $-7,439,000 | $-79,299,000 | $-10,395,000 |
| Net Income | $239.10M | $96.92M | $-9,732,000 | $-81,255,000 | $-57,955,000 |
| Net Margin | 9.8% | 4.5% | -0.5% | -4.1% | -2.7% |
| EPS | $5.27 | $2.13 | $-0.21 | $-1.77 | $-1.41 |
Itron, Inc., a technology and service company, provides end-to-end solutions that help manage operations in the energy, water, and smart city space worldwide. The company operates through three segments: Device Solutions, Networked Solutions, and Outcomes. The Device Solutions segment offers hardware products that are used for measurement, control, or sensing. The Networked Solutions segment provides a combination of communicating devices, such as smart meters, modules, endpoints, and sensors; network infrastructure; and associated application software for acquiring and transporting application-specific data. The Outcomes segment offers value-added, enhanced software and services for managing, organizing, analyzing, and interpreting data to enhance decision making, maximize operational profitability, drive resource efficiency, and deliver results for consumers, utilities, and smart cities. In addition, it offers implementation, project management, installation, consulting, and post-sale maintenance support services, as well as cloud and software-as-a-service; and extended or customer-specific warranties. It offers its products and services under the Itron brand. The company markets its products directly through its sales force, as well as through indirect sales force consisting of distributors, sales representatives, partners, and meter manufacturer representatives to utilities and municipalities. Itron, Inc. was incorporated in 1977 and is headquartered in Liberty Lake, Washington.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| November 4th 2025 | Argus | Downgrade | Hold | - |
| November 3rd 2025 | Stephens | Upgrade | Overweight | $130 |
| October 31st 2025 | Robert W. Baird | Downgrade | Neutral | $118 |
| August 1st 2025 | Johnson Rice | Downgrade | Accumulate | - |
| July 31st 2025 | JP Morgan | Upgrade | Overweight | - |
| June 20th 2025 | TD Cowen | Reiterated | Buy | $145← $139 |
| September 27th 2024 | Janney | Initiation | Buy | $131 |
| September 5th 2024 | Exane BNP Paribas | Initiation | Outperform | $133 |
| August 2nd 2024 | TD Cowen | Reiterated | Buy | $125← $115 |
| July 11th 2024 | Guggenheim | Upgrade | Buy | $130 |
| May 21st 2024 | Piper Sandler | Downgrade | Neutral | $109 |
| May 3rd 2024 | TD Cowen | Reiterated | Buy | $115← $110 |
| March 13th 2024 | TD Cowen | Reiterated | Outperform | $110← $107 |
| February 27th 2024 | Robert W. Baird | Upgrade | Outperform | $108← $68 |
| February 27th 2024 | Canaccord Genuity | Upgrade | Buy | $105← $68 |
Earnings History & Surprises
ITRIEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 29, 2026 | — | — | — | — |
Q1 2026 | Feb 24, 2026 | $2.19 | — | — | — |
Q4 2025 | Oct 30, 2025 | $1.48 | $1.54 | +4.1% | ✓ BEAT |
Q3 2025 | Jul 31, 2025 | $1.33 | $1.62 | +21.8% | ✓ BEAT |
Q2 2025 | May 1, 2025 | $1.30 | $1.52 | +16.9% | ✓ BEAT |
Q1 2025 | Feb 25, 2025 | $1.05 | $1.35 | +28.6% | ✓ BEAT |
Q4 2024 | Oct 31, 2024 | $1.13 | $1.84 | +62.8% | ✓ BEAT |
Q3 2024 | Aug 1, 2024 | $0.96 | $1.21 | +26.0% | ✓ BEAT |
Q2 2024 | May 2, 2024 | $0.84 | $1.24 | +47.6% | ✓ BEAT |
Q1 2024 | Feb 26, 2024 | $0.75 | $1.23 | +64.0% | ✓ BEAT |
Q4 2023 | Nov 2, 2023 | $0.51 | $0.98 | +92.2% | ✓ BEAT |
Q3 2023 | Aug 3, 2023 | $0.31 | $0.65 | +109.7% | ✓ BEAT |
Q2 2023 | May 4, 2023 | $0.11 | $0.49 | +345.5% | ✓ BEAT |
Q1 2023 | Feb 27, 2023 | $0.10 | $0.71 | +610.0% | ✓ BEAT |
Q4 2022 | Nov 3, 2022 | $0.23 | $0.23 | 0.0% | = MET |
Q3 2022 | Aug 4, 2022 | $0.21 | $0.07 | -66.7% | ✗ MISS |
Q2 2022 | May 2, 2022 | $0.09 | $0.11 | +22.2% | ✓ BEAT |
Q1 2022 | Feb 28, 2022 | $0.22 | $0.75 | +240.9% | ✓ BEAT |
Q4 2021 | Nov 4, 2021 | $0.14 | $0.21 | +50.0% | ✓ BEAT |
Q3 2021 | Aug 5, 2021 | $0.50 | $0.28 | -44.0% | ✗ MISS |
Latest News
Reported Earlier, Itron And Connected Lighting Solutions Unite To Deliver Remote Monitoring Adaptive Lighting And Real Time Outage Detection Across Australia
📈 PositiveItron Partnering With Northumbrian Water To Upgrade Utility's Water Distribution System
📈 PositiveItron Signs Agreement To Acquire Locusview For $525M
📈 PositiveItron Says On Nov 7, Authorizes $250 Mln Share Repurchase Program - Sec Filing
📈 PositiveArgus Research Downgrades Itron to Hold
📉 NegativeItron plunges 27% in two days after earnings, Baird downgrade as visibility worsens
📉 NegativeBaird Downgrades Itron to Neutral, Lowers Price Target to $118
📉 NegativeItron shares are trading lower after the company reported Q3 financial results and narrowed its FY25 sales guidance below estimates. Also, the company issued Q4 sales guidance below estimates.
📉 NegativeItron Sees Q4 Adj EPS $2.15-$2.25 vs $1.45 Est; Sees Sales $555.000M-$565.000M vs $586.742M Est
📈 PositiveItron Raises FY2025 Adj EPS Guidance from $6.00-$6.20 to $6.84-$6.94 vs $6.04 Est; Narrows FY2025 Sales Guidance from $2.350B-$2.400B to $2.350B-$2.360B vs $2.380B Est
📈 PositiveItron Q3 Adj. EPS $1.54 Beats $1.47 Estimate, Sales $581.625M Beat $577.862M Estimate
📈 PositiveReported Earlier, Itron's Gen5 AMI Solution Enables Meralco Near Real-Time Energy Management Improving Outage Response, Operational Efficiency, And Customer Visibility Across Metro Manila
📈 PositiveJP Morgan Maintains Overweight on Itron, Raises Price Target to $155
📈 PositiveStephens & Co. Reiterates Equal-Weight on Itron, Maintains $130 Price Target
➖ NeutralItron Signs A Definitive Agreement To Acquire Urbint; The Purchase Price For The Acquisition Is $325M And Will Be Funded Through Cash On Hand
📈 PositiveItron Enters Joint Marketing Agreement With Current Lighting Solutions To Deliver Combined Lighting Solution To Maximize Operational Benefits Of Enhanced Luminaire Technology
📈 PositiveItron Join Forces With American Samoa Power Authority To Modernize Electricity Distribution Network
📈 PositiveItron upgraded at JPM after mixed guidance but encouraging margin trajectory
📈 PositiveAmeresco cut at Baird on uncertain outlook, Itron added as Bullish Fresh Pick
➖ NeutralFrequently Asked Questions about ITRI
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