Water control and measure company Badger Meter (NYSE:BMI) will be reporting results this Tuesday morning. Here’s what you need to know.
Badger Meter beat analysts’ revenue expectations by 0.6% last quarter, reporting revenues of $238.1 million, up 9.9% year on year. It was a softer quarter for the company, with a significant miss of analysts’ EPS estimates and a miss of analysts’ EBITDA estimates.
Is Badger Meter a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Badger Meter’s revenue to grow 11% year on year to $231.4 million, in line with the 11.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.14 per share.
Analysts covering the company have generally 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 twice 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 missed analysts’ revenue estimates by 1.5%, delivering year-on-year sales growth of 17.1%. The stock traded up 3.3% on the results.
Read our full analysis of Acuity Brands’s earnings results here.Investors in the electrical equipment segment have had steady hands going into earnings, with share prices flat over the last month. Badger Meter is up 1.5% during the same time and is heading into earnings with an average analyst price target of $232.57 (compared to the current share price of $179.94).
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