The annual results for Badger Meter, Inc. (NYSE:BMI) were released last week, making it a good time to revisit its performance. It was a credible result overall, with revenues of US$827m and statutory earnings per share of US$4.23 both in line with analyst estimates, showing that Badger Meter is executing in line with expectations. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Badger Meter after the latest results.

See our latest analysis for Badger Meter

Taking into account the latest results, the consensus forecast from Badger Meter's seven analysts is for revenues of US$927.0m in 2025. This reflects a solid 12% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to accumulate 7.7% to US$4.57. Before this earnings report, the analysts had been forecasting revenues of US$927.0m and earnings per share (EPS) of US$4.57 in 2025. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.

It will come as no surprise then, to learn that the consensus price target is largely unchanged at US$223. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. There are some variant perceptions on Badger Meter, with the most bullish analyst valuing it at US$255 and the most bearish at US$198 per share. The narrow spread of estimates could suggest that the business' future is relatively easy to value, or thatthe analysts have a strong view on its prospects.

Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. We can infer from the latest estimates that forecasts expect a continuation of Badger Meter'shistorical trends, as the 12% annualised revenue growth to the end of 2025 is roughly in line with the 15% annual growth over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenues grow 7.3% per year. So although Badger Meter is expected to maintain its revenue growth rate, it's definitely expected to grow faster than the wider industry.

The Bottom Line

The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. Fortunately, they also reconfirmed their revenue numbers, suggesting that it's tracking in line with expectations. Additionally, our data suggests that revenue is expected to grow faster than the wider industry. The consensus price target held steady at US$223, with the latest estimates not enough to have an impact on their price targets.

Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. At Simply Wall St, we have a full range of analyst estimates for Badger Meter going out to 2027, and you can see them free on our platform here..

We also provide an overview of the Badger Meter Board and CEO remuneration and length of tenure at the company, and whether insiders have been buying the stock, here.

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