What Happened?
Shares of resource management provider Itron (NASDAQ:ITRI) jumped 12.4% in the morning session after the company reported strong fourth-quarter 2024 results, with revenue, EPS, and EBITDA all exceeding Wall Street's expectations. Revenue grew 6% y/y fueled by robust demand for networked solutions and a 25% surge in its Outcomes segment, which benefited from increased software and services adoption. Looking ahead, Itron provided optimistic full-year EPS guidance, which blew past analysts' expectations. Zooming out, we think this was a good quarter with some key areas of upside.
Is now the time to buy Itron? Access our full analysis report here, it’s free.
What The Market Is Telling Us
Itron’s shares are not very volatile and have only had 5 moves greater than 5% over the last year. Moves this big are rare for Itron and indicate this news significantly impacted the market’s perception of the business.
Itron is down 6.6% since the beginning of the year, and at $101.37 per share, it is trading 18.5% below its 52-week high of $124.45 from November 2024. Investors who bought $1,000 worth of Itron’s shares 5 years ago would now be looking at an investment worth $1,317.
Do you want to know what moves the business you care about? Add them to your StockStory watchlist and every time a stock significantly moves, we provide you with a timely explanation straight to your inbox. It’s free and will only take you a second.
