Itron will report earnings Tuesday before the bell. Analysts expect revenue to decline 6.7% year on year, a deceleration from flat revenue in the same quarter last year. The company beat revenue expectations last quarter with $587 million, down 3.3% year on year. Itron has missed Wall Street revenue estimates multiple times over the last two years. Its stock price was unchanged over the last month heading into earnings with an average analyst price target of $126.70 compared to the current share price of $84.22.
Itron IncRevenue expected to decline 6.7% year on year, with past misses and stock trading well below average price target.