Water control and measure company Badger Meter (NYSE: BMI) will be reporting results this Tuesday before market hours. Here’s what investors should know.
Badger Meter met analysts’ revenue expectations last quarter, reporting revenues of $222.2 million, up 13.2% year on year. It was an exceptional quarter for the company, with an impressive beat of analysts’ EBITDA estimates and an impressive beat of analysts’ adjusted operating income estimates.
Is Badger Meter a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Badger Meter’s revenue to grow 9.2% year on year to $236.6 million, slowing from the 23.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.24 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Badger Meter has missed Wall Street’s revenue estimates three 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 beat analysts’ revenue estimates by 3.1%, delivering year-on-year sales growth of 21.7%. The stock traded up 5.8% on the results.
Read our full analysis of Acuity Brands’s earnings results here.There has been positive sentiment among investors in the electrical equipment segment, with share prices up 6.5% on average over the last month. Badger Meter’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $240.05 (compared to the current share price of $244.37).
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