Badger Meter (BMI) Beats Q1 Earnings and Revenue Estimates

Core Insights - Badger Meter (BMI) reported quarterly earnings of $1.30 per share, exceeding the Zacks Consensus Estimate of$1.08 per share, and up from $0.99 per share a year ago [1] - The company achieved a revenue of$222.21 million for the quarter, surpassing the Zacks Consensus Estimate by 0.14% and increasing from $196.28 million year-over-year [3] Earnings Performance - The earnings surprise for the quarter was 20.37$1.04 per share against an expectation of $1.01 [2] - Badger Meter has consistently surpassed consensus EPS estimates over the last four quarters [2] Revenue Insights - The company has also exceeded consensus revenue estimates three times in the last four quarters [3] - Current consensus EPS estimate for the upcoming quarter is$1.16 on revenues of $236.44 million, and for the current fiscal year, it is$4.61 on revenues of $930.73 million [8] Market Performance - Badger Meter shares have declined approximately 13.3% since the beginning of the year, compared to a decline of 10.3% for the S&P 500 [4] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [7] Industry Context - The Instruments - Control industry, to which Badger Meter belongs, is currently ranked in the top 36% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [9] - Another company in the same industry, Sensata (ST), is expected to report a year-over-year earnings decline of 19.1% in its upcoming results [10]