Smart metering company Itron (Nasdaq:ITRI) is not exactly a secret anymore. The bull story on water has been droning on for nearly a decade now, and Itron is followed by over 20 sell-side analysts. Unfortunately, the project-oriented nature of the business means that there's a fair bit of unpredictability in the model and ample opportunity for above/below-consensus expectation. So while Itron still has solid growth possibilities before it, investors should expect a bumpy ride along the way.
Mixed Messages in Fourth Quarter Results
Fourth quarter results from Itron offer a sense of some of the challenges at the company. Sales were substantially higher than expected, but up about 4% in reported terms and 5% in constant currency. North American and International results were similar on a reported basis, with international sales offering a little more momentum on a constant currency basis.
Continue reading here:
http://stocks.investopedia.
No comments:
Post a Comment