Itron Announces Second Quarter 2021 Financial Results and Updated Full-Year 2021 Guidance

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Go back to Itron Announces Second Quarter 2021 Financial Results and Updated Full-Year 2021 Guidance

Baird Downgrades Itron (ITRI) to Neutral

August 6, 2021 6:25 AM EDT

Baird analyst Ben Kallo downgraded Itron (NASDAQ: ITRI) from Outperform to Neutral.

The analyst comments "Itron reported weaker than expected 2Q21 results and lowered its guidance for 2021. The shortfall was due to COVID related supply chain issues mostly involving semiconductor supply. We are... More

Itron (ITRI) Misses Q2 EPS by 20c, Slashes FY EPS Guidance

August 5, 2021 8:32 AM EDT

Itron (NASDAQ: ITRI) reported Q2 EPS of $0.28, $0.20 worse than the analyst estimate of $0.48. Revenue for the quarter came in at $489 million versus the consensus estimate of $535.91 million.

GUIDANCE:

Itron sees FY2021 EPS of $1.00-$1.50, versus the consensus of $2.42. Itron sees... More