Itron's Q1 2023 Earnings: Net Profit Margin Surges to 11.1%, Revenue Growth at 43.9%

Itron reported a 43.9% annual earnings growth and a net profit margin of 11.1%, up from 8% the previous year. The company's price-to-earnings ratio is 18.5x, below the US electronic industry and peer averages. Analysts forecast 7.3% annual revenue growth and 14.2% annual profit growth, which is slower than the US market growth rates. However, the company's DCF fair value is $173.42, substantially higher than the current share price of $108.99, highlighting a 59% valuation gap.