Zacks Research Has Negative Opinion of Itron FY2027 Earnings

Itron, Inc. (NASDAQ:ITRI) – Research analysts at Zacks Research cut their FY2027 earnings estimates for shares of Itron in a note issued to investors on Thursday, October 22nd. Zacks Research analyst Team now anticipates that the scientific and technical instruments company will earn $5.89 per share for the year, down from their prior estimate of $5.90. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Itron’s current full-year earnings is $6.41 per share.

Other equities analysts have also recently issued reports about the company. Robert W. Baird set a $125.00 price target on Itron in a research report on Wednesday, July 29th. Needham & Company LLC upped their price objective on Itron from $116.00 to $128.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Weiss Ratings upgraded shares of Itron from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, October 12th. Finally, Seaport Research Partners reissued a “buy” rating and issued a $150.00 price target on shares of Itron in a report on Wednesday, July 29th. Eight research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Itron has an average rating of “Moderate Buy” and a consensus price target of $131.33.

Itron Stock Performance

ITRI opened at $94.55 on Monday. Itron has a 1-year low of $77.77 and a 1-year high of $142.00. The business has a 50 day moving average price of $91.26 and a two-hundred day moving average price of $91.10.

Itron (NASDAQ:ITRI) last posted its quarterly earnings data on Tuesday, October 27th. The scientific and technical instruments company reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.38. The company had revenue of $599.33 million during the quarter, compared to the consensus estimate of $595.50 million. During the same quarter last year, the business earned $1.54 earnings per share. The company’s revenue was up 3.0% on a year-over-year basis.

Institutional Trading of Itron

Several institutional investors and hedge funds have recently bought and sold shares of ITRI. Dimensional Fund Advisors LP lifted its stake in Itron by 20.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,536,081 shares of the scientific and technical instruments company’s stock valued at $137,659,000 after buying an additional 265,039 shares in the last quarter. First Trust Advisors LP boosted its holdings in shares of Itron by 22.2% in the first quarter. First Trust Advisors LP now owns 969,228 shares of the scientific and technical instruments company’s stock worth $86,872,000 after buying an additional 176,053 shares during the period. Arrowstreet Capital Limited Partnership increased its position in shares of Itron by 12.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 673,420 shares of the scientific and technical instruments company’s stock worth $60,359,000 after acquiring an additional 73,020 shares in the last quarter. Jupiter Topco LLC purchased a new position in shares of Itron in the second quarter worth approximately $42,466,000. Finally, Renaissance Technologies LLC increased its position in shares of Itron by 10.1% in the first quarter. Renaissance Technologies LLC now owns 461,761 shares of the scientific and technical instruments company’s stock worth $41,388,000 after acquiring an additional 42,300 shares in the last quarter. Institutional investors and hedge funds own 96.19% of the company’s stock.

Insider Buying and Selling

In other news, SVP Justin K. Patrick sold 10,210 shares of the company’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $97.36, for a total transaction of $994,045.60. Following the completion of the sale, the senior vice president directly owned 22,065 shares of the company’s stock, valued at $2,148,248.40. This represents a 31.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP John Marcolini sold 331 shares of the stock in a transaction on Monday, August 24th. The shares were sold at an average price of $98.79, for a total value of $32,699.49. Following the completion of the transaction, the senior vice president owned 12,683 shares of the company’s stock, valued at $1,252,953.57. This trade represents a 2.54% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 17,903 shares of company stock worth $1,753,521 over the last quarter. 1.77% of the stock is currently owned by insiders.

Itron News Roundup

Here are the key news stories impacting Itron this week:

• Positive Sentiment: Q3 earnings exceeded expectations. Itron reported adjusted EPS of $1.94, versus the $1.56–$1.57 analyst consensus, while revenue reached $599.3 million, above the approximately $595.5 million estimate. Revenue rose 3% year over year, and adjusted EPS increased from $1.54 in the prior-year period. Itron third-quarter earnings results
• Positive Sentiment: Recurring revenue and backlog strengthened. Annual recurring revenue increased 25% to $423 million, while total backlog reached $4.3 billion. These figures support visibility into future revenue and suggest continued demand for Itron’s utility technology and services. Itron recurring revenue and backlog report
• Positive Sentiment: Profitability and cash generation improved. GAAP net income rose to $71 million from $66 million, operating income increased by $14 million to $95 million, and free cash flow was $96 million. Management also forecast fourth-quarter revenue of $621 million to $636 million and full-year 2026 revenue of $2.37 billion to $2.385 billion. Itron announces third-quarter 2026 results
• Neutral Sentiment: Investor focus now shifts to execution. Quarterly bookings totaled $482 million, and management’s earnings call emphasized recurring-revenue growth and the company’s large backlog. The outlook is constructive, but revenue growth remains modest at 3% year over year. Itron Q3 earnings call transcript
• Negative Sentiment: BNP Paribas Exane lowered its price target to $105. Although the revised target remains above the recent trading level, the reduction may signal more limited upside or valuation concerns following the earnings release. Itron price target lowered by BNP Paribas Exane
• Negative Sentiment: Insider transactions were heavily weighted toward selling. Reported data showed no insider purchases and 42 insider sales over the past six months. While these transactions may reflect routine diversification, they can weigh on investor sentiment.

Itron Company Profile

Itron, Inc is a technology company that provides solutions to utilities and cities for managing electricity, natural gas, and water resources. Its offerings help organizations measure consumption, collect and analyze data, improve operational efficiency, and support more reliable and sustainable delivery of essential services.

The company’s portfolio includes smart meters, advanced metering infrastructure, communications networks, sensors, data management systems, and utility software.