Will Top-Line Growth Buoy Badger Meter's (BMI) Q2 Earnings?
Zacks Investment Research | Jul 15, 2019 09:28PM ET
Badger Meter, Inc. (NYSE:BMI) is scheduled to release second-quarter 2019 results before the opening bell on Jul 18. The company is likely to record relatively higher revenues on a year-over-year basis.
Whether this will benefit the bottom line of the company remains to be seen.
Top-Line Expansion
Badger Meter is poised to gain from growing demand for E-Series meters and ORION Cellular endpoints as well as BEACON Advanced Metering Analytics managed solution. During the second quarter, the company inked an agreement to supply its next-generation ORION Cellular smart water communication endpoints to Aurora Water in Colorado. The state-of-the-art products will enable the city to reduce water loss, promote conservation and improve water delivery for the utility’s nearly 87,000 customers. Badger Meter’s BEACON software-as-a-service offering would also facilitate the administration to collect and analyze data within the distribution network to improve operational awareness.
Further, Badger Meter is continuously prioritizing and enhancing its presence in select regional markets outside the United States that offer healthy growth potential. During second-quarter 2019, the company launched a slew of innovative products to strengthen its leading position in the market. These include the E-Series ultrasonic meters for residential applications. With smart alarms, pressure and temperature data, the product offers early detection of any anomaly in the system, thereby lowering maintenance and operating costs for utility firms.
Increased traction of such innovative solutions is likely to translate into higher revenues. The Zacks Consensus Estimate for second-quarter revenues is currently pegged at $117 million, up from $114 million recorded a year ago.
Earnings Whispers
Our proven model does not show that Badger Meter is likely to beat earnings this quarter as it does not possess the key components. A stock needs to have both a positive Earnings ESP Filter .
Badger Meter, Inc. Price and EPS Surprise
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