Itron (ITRI) Q3 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure · Editorial policy
Key numbers
- Adjusted EPS
- $1.94
- Estimate
- $1.56
- Surprise
- +24.7%
- Revenue (period 2026-09-30)
- $599.3M
- Score at report (before → after)
- 5.0 → 5.0/10
Revenue source: xbrl.
How the report landed
Itron (ITRI) beat the $1.56 estimate with adjusted EPS of $1.94 — a large 24.7% upside surprise. TrendMatrix's engine moved from Buy (Wait) (5.0/10) to Sell at 5.0/10 after the report.
Coverage in the report window
- Coca-Cola To Rally Around 13%? Here Are 10 Top Analyst Forecasts For Wednesday — benzinga, 2026-10-28
Where TrendMatrix's rating stands now
TrendMatrix currently rates ITRI Sell at 5.0/10.
4 of the last 4 quarters beat the estimate; this quarter's +24.7% surprise compares with a +20.3% four-quarter average.
What supports the rating
- Strong earnings beat streak (4/4)
- Attractive valuation
What argues against it
- Concentration risk — Supplier: limited or sole-source vendors
- Sector modifier (Technology): -0.8
- Negative news sentiment (-0.77)
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $94.55
- Price target
- $111.65
- Stop
- $88.07
- Upside to target
- +18.1%
- Reward-to-risk
- 1.3:1
At 15.3× trailing and 13.7× forward earnings, consensus estimates imply little change in earnings power.
Risk check: RSI 70 — a level conventionally read as overbought; gains at these levels often lean on momentum; trading volume is running 1.9× its average — elevated turnover around the report window.
Model outputs from TrendMatrix’s engine as of 2026-10-28 — shown for context, not personalized investment advice.
ITRI at TrendMatrix's latest read
Technology names get repriced on forward expectations more than trailing prints — a quarter here is read through next-year growth and multiple, not the EPS line alone.
- Industry
- Scientific & Technical Instruments
- Market cap
- $4.14B
- P/E (fwd)
- 13.7
- P/E (ttm)
- 15.3
- 52-week range
- $77.77–$142.00
- Off 52-week high
- 33.4%
- RSI (14)
- 70
- Volume vs avg
- 1.90×
- Score today
- 5.0/10