Water control and measurement company Badger Meter (NYSE: BMI) will be announcing earnings results this Thursday before the bell. Here’s what to look for.
Badger Meter met analysts’ revenue expectations last quarter, reporting revenues of $222.3 million, down 6.6% year on year. It was a mixed quarter for the company, with EPS in line with analysts’ estimates.
Is Badger Meter a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Badger Meter’s revenue to grow 2.3% year on year, slowing from the 13.1% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Badger Meter has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Badger Meter’s peers in the electrical equipment segment, only Acuity Brands has reported results so far. It missed analysts’ revenue estimates, delivering year-on-year sales growth of 2.9%. The stock price was unchanged following the results.
Read our full analysis of Acuity Brands’s earnings results here.Over the last year or so, investors' attention has moved from one major market theme to the next, spanning AI disruption and surging infrastructure investment to geopolitical tensions, interest rates, and the health of the broader economy. While some of the electrical equipment stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 5.1% on average over the last month. Badger Meter is down 1.9% during the same time and is heading into earnings with an average analyst price target of $154.89 (compared to the current share price of $129).
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