B+
Bull case
25%
Probability
Target price
$106.00
Analysis reference price unavailable
Analysis 2026-10-08 · RankAlpha Sentiment Codex
ITRI
ItronCNasdaq / Technology Hardware & Equipment
Last Price
Quote time unavailable
Current thesis
Q2 non-GAAP EPS of $1.59 exceeded Itron's prior $1.25–1.35 outlook despite revenue of $563 million landing within its $560–570 million range. Management raised full-year non-GAAP EPS guidance to $6.30–6.50, versus its earlier $5.75–6.25 range.
Posture
Mixed
Lead driver
Value
What changed
Next scheduled catalyst: earnings 2026-10-27 · BMO.
What can break
Backlog conversion, customer order rescheduling and demand timing remain execution risks. Itron Q2 release [#SEC-8K-2026-07-28]
Momentum
27
Value
65
Sentiment
50
Setup hits (3d)
0 · Net Neutral
AI TargetsBase $82.00 · Bull $106.00 · Bear $62.00Analysis 2026-10-08; returns require an exact persisted reference.
Earnings
2026-10-27 · BMO
Data freshness
Prices
Unavailable: Price unavailable
Fundamentals
As of 2026-10-26 • Vendor: Data Vendor v1
Scores
As of 2026-10-26 • Model: HYBRID_IC_RP
AI Memo
As of 2026-10-08 • Model: RankAlpha Sentiment Codex
Investment thesisAs of 2026-10-26
Investment thesis
As of 2026-10-26
Grade is the composite factor band; factor scores use a 0–100 scale. Confidence describes evidence quality, not a probability of return. Score date: 2026-10-26. Definitions
Supporting evidence
What
Grade C · Mixed
Confidence Medium · Net Neutral
Target $128.44
Why
Momentum27 · Δ7d +6.7
Value65 · Δ7d -0.7
Sentiment50 · Δ7d -7.3
So what
Balanced signals (Net Neutral). Wait for confirmation before sizing up.
Confirming evidence
- • Next scheduled catalyst: earnings 2026-10-27 · BMO.
- • Value remains the lead driver in the composite, 7D delta -0.7.
Contradictions & invalidation
- • Backlog conversion, customer order rescheduling and demand timing remain execution risks. Itron Q2 release [#SEC-8K-2026-07-28]
- • Networked Solutions deployment timing and lower volumes could continue to depress revenue. Itron Q2 release
- • Q2 revenue declined 7%, Networked Solutions declined 17%, and backlog was slightly below its year-earlier level.
Catalyst clock
2026-10-27 · BMO
October 27 third-quarter results
Lead driver: Value · See fundamentals
Momentum
27
8% active weight
Current posture
7d trendImproving
Δ7d
+6.7
Δ21d
-2.9
Value
65
47% active weight
Current posture
7d trendFlat
Δ7d
-0.7
Δ21d
-0.3
Sentiment
50
45% active weight
Current posture
7d trendSoftening
Δ7d
-7.3
Δ21d
-43.0
Why this grade
Composite grade C. Momentum 26.6 / Value 64.7 / Sentiment 50.3
Scenario snapshot
Scenario probability is memo-authored likelihood, not forecast certainty. Targets belong to the analysis dated 2026-10-08. Scenario method
Most likely
B
Base case
45%
Probability
Target price
$82.00
Analysis reference price unavailable
Analysis 2026-10-08 · RankAlpha Sentiment Codex
B-
Bear case
30%
Probability
Target price
$62.00
Analysis reference price unavailable
Analysis 2026-10-08 · RankAlpha Sentiment Codex
Fundamentals (TTM)As of 2026-10-26
Fundamentals (TTM)
As of 2026-10-26
Market Cap
$3.84B
Beta
1.47
Shares Out
43.79M
P/E (TTM)
17.4
P/S (TTM)
1.84
P/FCF (TTM)
12.96
Rev YoY
-7.2%
EPS YoY
-19.0%
Gross Margin
+38.8%
Op Margin
+13.9%
Net Debt
$263.38M
Current Ratio
2.75
As of 2026-10-26 • Updated nightlySource: Internal modelMethods & Data