**Itron Plunges 27% in Two Days After Earnings, Baird Downgrade as Visibility Worsens**
*October 31, 2025, 1:12 PM ET*
Itron, Inc. shares dropped 8.2% in Friday’s trading, extending the stock’s two-day decline to 27%. The sharp sell-off followed the company’s Q3 earnings report, which showed mixed results.
While Itron beat adjusted earnings per share (EPS) estimates for the quarter, reporting between $2.15 and $2.25—well above the $1.46 consensus from FactSet—its revenue guidance for Q4 disappointed investors. The company forecasted revenues between $555 million and $565 million, falling short of the $587 million FactSet consensus.
This mixed guidance, coupled with a downgrade from Baird citing worsening visibility, contributed to the downward pressure on Itron’s stock.
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