Key Highlights:
- Ituran Location (ITRN, Financial) surpasses earnings expectations with a Q1 GAAP EPS of $0.73.
- Revenue slightly misses projections, coming in at $86.46 million.
- Subscription revenue sees a modest increase of 2%, reaching $62.2 million.
Ituran Location and Control Ltd (ITRN) has demonstrated solid performance in its first-quarter earnings report, where the company's GAAP EPS stood at $0.73, surpassing analyst expectations by $0.04. However, revenue figures fell short, coming in at $86.46 million, missing projections by $2.01 million. Subscription revenue, a critical component of ITRN's business model, grew by 2% to $62.2 million, with the total subscriber base expanding to over 2.5 million.
Wall Street Analysts Forecast
Analysts have set their sights on Ituran Location and Control Ltd's (ITRN, Financial) future, with 2 key analysts offering a one-year price target averaging $46.50. The projections range from a high of $50.00 to a low of $43.00, indicating a potential upside of 18.50% from the current trading price of $39.24. For more in-depth estimate data, visit the Ituran Location and Control Ltd (ITRN) Forecast page.
The current consensus among brokerage firms rates ITRN at 2.5 on a scale where 1 is a Strong Buy and 5 is a Sell, suggesting an "Outperform" status. This rating reflects the positive sentiment surrounding the stock's potential performance.
From a valuation perspective, GuruFocus has estimated the GF Value for ITRN in the coming year to be $32.10, implying a downside of 18.2% from the current price of $39.24. The GF Value considers historical trading multiples, past growth, and future performance estimates to determine what the stock's fair value should be. For additional insights, the Ituran Location and Control Ltd (ITRN, Financial) Summary page offers a comprehensive overview.
