Itron (ITRI) Shares Soar 1.63% on Strong Q1 2025 Outlook

Itron (ITRI) shares surged 1.63% today, reaching their highest level since January 2025 with an intraday gain of 1.89%.

Itron's stock price has been positively influenced by several key factors. The company's Q1 2025 performance is expected to benefit from strong bookings momentum, increased demand for smart metering solutions, and ongoing utility grid modernization efforts. Analysts anticipate quarterly earnings of $1.30 per share and revenues of $614.27 million, indicating year-over-year increases of 4.8% and 1.8%, respectively.

Ask Aime: Itron's stock surges 1.63% to highest since January 2025.

Itron has also received a Zacks Rank #2 (Buy), suggesting that the stock is expected to outperform the broader market. Over the past month, Itron's shares have risen by 6.4%, outperforming the Zacks S&P 500 composite's decline of 4.3%.

Additionally, itron is demonstrating operational efficiency with an expected profit increase from $713 million to $839 million, reflecting an 18% growth. This operational efficiency, combined with positive earnings predictions and strong market performance, has contributed to the overall positive sentiment and potential growth for Itron, likely driving its stock price performance.