Itron Isn't Cheap Enough For An Upgrade, Even After Its Ugly Plunge

Impact · against what's priced in

Itron remains a hold as the recent share price drop has not yet fully accounted for a contracting order book and weakening guidance. The combination of declining Q1 fundamentals and lower Q2 expectations suggests further downward pressure on the stock.

ITRI−0.70

No priced-in read yet

In context

Q1 revenue of $587M and net income of $53.5M, coupled with contracting backlogs and negative Q2 guidance, indicate a fundamental deterioration that offsets the recent price plunge.

Read from the article alone

• guidance
• earnings
• ITRI
• backlog
• hold rating
• profitability
• revenue decline

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