Stock Story -
Applied informatics company Iteris (NASDAQCM:ITI) will be reporting results tomorrow after market close. Here's what investors should know.
Iteris met analysts' revenue expectations last quarter, reporting revenues of $42.75 million, flat year on year. It was a weak quarter for the company, with a miss of analysts' earnings estimates.
Is Iteris a buy or sell going into earnings? Find out by reading the original article on StockStory, it's free.
This quarter, analysts are expecting Iteris's revenue to grow 1.5% year on year to $44.18 million, slowing from the 29.3% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.05 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Iteris has only missed Wall Street's revenue estimates once over the last two years, exceeding top-line expectations by 5% on average.
Looking at Iteris's peers in the inspection instruments segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Badger Meter delivered year-on-year revenue growth of 23.2%, beating analysts' expectations by 6.5%, and Itron reported revenues up 12.6%, topping estimates by 1.6%. Badger Meter traded up 3.7% following the results while Itron was down 2.2%.
Read the full analysis of Badger Meter's and Itron's results on StockStory.
Investors in the inspection instruments segment have had steady hands going into earnings, with share prices up 1.6% on average over the last month. Iteris is down 5.8% during the same time and is heading into earnings with an average analyst price target of $9 (compared to the current share price of $4.05).
