Water control and measure company Badger Meter (NYSE: BMI) will be announcing earnings results this Wednesday before the bell. Here’s what to look for.
Badger Meter beat analysts’ revenue expectations by 1.8% last quarter, reporting revenues of $235.7 million, up 13.1% year on year. It was an exceptional quarter for the company, with an impressive beat of analysts’ EBITDA estimates and a solid beat of analysts’ adjusted operating income 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 13.1% year on year to $232 million, in line with the 12.5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.16 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, some have already reported their Q4 results, giving us a hint as to what we can expect. Teledyne delivered year-on-year revenue growth of 7.3%, beating analysts’ expectations by 2.5%, and LSI reported flat revenue, topping estimates by 4.9%. Teledyne traded up 9.8% following the results while LSI was also up 8.6%.
Read our full analysis of Teledyne’s results here and LSI’s results here.
There has been positive sentiment among investors in the electrical equipment segment, with share prices up 8.7% on average over the last month. Badger Meter is down 3.4% during the same time and is heading into earnings with an average analyst price target of $211.30 (compared to the current share price of $173.72).
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