Momentum Investor? The Perfect Stock Could Be This One

Maximizing one's potential in the stock market and doing so with self-assurance are universal objectives for investors of all ages and levels of expertise.

Even if you already have a preferred investment strategy, the Zacks Style Scores can help you identify promising companies. These two metrics work hand in hand to rank companies according to their growth, momentum, and value.

Investors that focus on the upward or negative trend of a stock's price or earnings forecast will find the Momentum Style Score to be quite useful.

Using data such as the percentage change in earnings predictions from month to month and the one-week price movement, this Score can determine whether it is a suitable moment to create a stake in a stock.

The stock of Itron (MITR) With headquarters in Liberty Lake, WA, Itron Inc. has been providing technology and services to the utility and municipal sectors since 1977. The company is a leading global supplier of various meter communication systems, including standard, advanced, and smart meters. Itron also provides software, devices, sensors, data analytics, and services.

The price movement of Itron shares has been quite intriguing as of late. The company has increased in value by 24.4% in the last week and by 26.9% in the last four weeks. Plus, ITRI has gained 64.1% in the past year. During the last 20 days, an average of 481,411.69 shares of the stock were exchanged.

Momentum investors place equal importance on positive earnings as they do on price fluctuations. For fiscal year 2024, six analysts have raised their profit estimate revisions throughout the past 60 days. An increase of $0.33 brings the Zacks Consensus Estimate for the stock price to $3.47. On average, ITRI's earnings have surprised investors by 152.8%.

Investors may want to consider ITRI for their portfolios due to its outstanding earnings growth, solid Zacks Rank, and top-tier Momentum and VGM Style Scores.

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