Oppenheimer Boosts Itron, Inc. (ITRI) Steering Following Higher-Than-Anticipated FY2026 Outlook
Itron, Inc. (NASDAQ:ITRI) is among the many 20 Finest Investments in 2026.
Itron, Inc. (NASDAQ:ITRI) is among the finest investments on our checklist.
TheFly reported on February 18 that Oppenheimer raised its worth goal for ITRI to $133 from $125 and maintained an Outperform ranking. The improve adopted the corporate’s robust fourth-quarter outcomes, which exceeded each income and earnings expectations. ITRI additionally offered steerage for FY2026 that was higher than anticipated, together with a number of indicators suggesting a possible uptick in future demand.
The corporate’s fourth quarter and full yr 2025 outcomes had been posted a day earlier on February 17. In accordance to the report, complete income for This fall declined 7% year-over-year to $572 million as a consequence of portfolio optimization and the timing of mission deployments. For the total yr, income fell 3% to $2.4 billion.
The corporate generated a notable revenue beat with non-GAAP diluted EPS of $2.46 for the quarter, up from $1.35 within the prior yr and surpassing the $2.19 skilled common. GAAP web earnings rose from $58 million to $102 million, or $2.21 per diluted share, through greater working earnings and a tax profit. Free money move rose 59% to $112 million for the quarter.
As a consequence of mixture of merchandise and clients, the GAAP gross margin elevated by 560 foundation factors to 40.5%. Operational effectivity was demonstrated by the 21% progress in adjusted EBITDA to $99 million. These outcomes had been primarily bolstered by progress in Outcomes income and strategic acquisitions.
Itron, Inc. (NASDAQ:ITRI) supplies know-how options for power and water useful resource administration, together with sensible meters, knowledge analytics, and related gadgets, serving to utilities enhance effectivity, reliability, and sustainability.
Whereas we acknowledge the potential of ITRI as an funding, we consider sure AI shares provide higher upside potential and carry much less draw back danger. Should you’re in search of an especially undervalued AI inventory that additionally stands to profit considerably from Trump-era tariffs and the onshoring pattern, see our free report on the finest short-term AI inventory.
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