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Badger Meter (BMI) To Report Earnings Tomorrow: Here Is What To Expect

BMI Cover Image

Water control and measure company Badger Meter (NYSE: BMI) will be reporting results tomorrow before the bell. Here’s what to look for.

Badger Meter beat analysts’ revenue expectations by 2.3% last quarter, reporting revenues of $205.2 million, up 12.5% year on year. It was a satisfactory quarter for the company, with an impressive beat of analysts’ adjusted operating income estimates but a significant miss of analysts’ EPS estimates.

Is Badger Meter a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Badger Meter’s revenue to grow 13.4% year on year to $222.6 million, slowing from the 23.4% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.05 per share.

Badger Meter Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Badger Meter has missed Wall Street’s revenue estimates three times over the last two years.

Looking at Badger Meter’s peers in the electrical equipment segment, only Acuity Brands has reported results so far. It missed analysts’ revenue estimates by 2.2%, delivering year-on-year sales growth of 11.1%. The stock was down 12.3% on the results.

Read our full analysis of Acuity Brands’s earnings results here.


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