Equity Profile

BMI

Badger Meter, Inc.

Information TechnologyElectronic Equipment & Instruments$3.7B

Jul22Wed

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

Badger Meter, Inc. is a technology company that specializes in electronic equipment and instruments, particularly in water flow measurement and control....

Key Metrics to Watch

Revenue Growth

Understanding revenue growth is essential as it reflects the company's ability to expand its market share and adapt to changing demands.

N/A

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will help gauge how well the company is managing costs and generating income.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

BMI Q2-2026 Earnings Preview

Context

Company Snapshot

Badger Meter, Inc. is a technology company that specializes in electronic equipment and instruments, particularly in water flow measurement and control. With a market cap of $4 billion, it plays a crucial role in sectors like water management and smart metering, which are increasingly important as cities seek to improve infrastructure and sustainability.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

75%

Avg EPS Surprise

+3.51%

Avg Stock Reaction

-6.61%

Last Quarter Recap

In Q1 2026, Badger Meter reported an EPS of $0.93, which was significantly below the expected $1.20, leading to a sharp drop in stock price the following day. This miss raises concerns about the company's operational efficiency and market conditions.

Management Promises & Guidance

Focus on improving operational efficiency.
Commitment to exploring new market opportunities.
Plans to enhance product offerings in smart metering.

Expectations

Wall Street Expectations

Overall, expectations are cautious following the significant EPS miss last quarter. Investors will be closely watching for signs of recovery and improved performance in this earnings report.

Bull Case

If Badger Meter can demonstrate strong revenue growth and improved margins, it could signal a turnaround, boosting investor confidence.

Bear Case

Continued underperformance or lack of clear guidance may lead to further declines in stock price, as investors remain skeptical about the company's future.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be this quarter, and how does it compare to last quarter's $0.93?

Given the significant miss last quarter, any improvement in EPS will be crucial for restoring investor confidence.

What specific measures is management taking to improve operational efficiency?

Investors will want to hear concrete steps that could lead to better margins and overall performance.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for a rebound in EPS, given the company's focus on operational improvements and new market opportunities.

Supporting Evidence

Insider buying totaling over $777,000 suggests confidence in the company's future.

The options market is pricing a relatively low move, indicating that traders may not fully anticipate a recovery.

Historical patterns show that similar setups have often led to positive outcomes.

Key Risk

If EPS exceeds $1.10, it could significantly shift market sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will be closely scrutinized, especially in light of the previous quarter's disappointing results.

Bull Confirmed If

An EPS of $1.10 or higher would confirm the bull case, indicating a recovery in profitability.

Bear Confirmed If

An EPS below $0.90 would reinforce the bear case, suggesting ongoing operational challenges.

Pre-Earnings Positioning

Options Market

Implied Move

±5.5%

Historical Avg

±9.7%

Pricing cheap

The options market is pricing in a moderate move of about 5.5%, suggesting that traders expect some volatility around the earnings report.

Options are pricing ±5.5% while BMI has averaged ±9.7% over the last 8 prints — setup is pricing cheap.

Detail

ATM IV

0.5%

30d HV

88.5%

Calls (2K)P/C Ratio: 0.33Puts (2K)

Edge

Historical Setup Match

Cross-company pattern from 28 similar setups.

Prior-quarter miss + options pricing cheap setup in Information Technology

n=28

Fade rate: 9 of 28 (32%)

This setup has occurred 28 times across Information Technology in the last 2 years. 19 of 28 (68%) held or extended their move within 5 days — this setup typically holds direction. The average absolute 1-day move is 7.7%, with a raw directional average of +4.5% (modestly positive historical bias).

Edge

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$777,135.66

6,628 sh

5 insiders

Sold

$0.00

0 sh

0 insiders

Net

$777,135.66

Net buying

Most Active Insiders· 5 open-market trades

Chairman, President & CEOBockhorst Kenneth
$258,573.26

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Badger Meter beats expectations, history suggests the stock could rise by an average of 9.65%, confirming a positive turnaround.

In-Line / Cautious

If results are in line but management remains cautious, the stock may see muted movement as investors weigh the outlook.

Miss

A miss could lead to a decline of about 17.57%, as seen in past reactions, further shaking investor confidence.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on operational efficiency improvements and their expected impact on margins.
2Any new product launches or market expansions that could drive future growth.
3Management's outlook on market conditions and how they plan to navigate challenges.
4Specific guidance on revenue expectations for the next quarter.
5Insights into customer demand trends and how they are adapting.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

Badger Meter, Inc. is a technology company that specializes in electronic equipment and instruments, particularly in water flow measurement and control....

Key Metrics to Watch

Revenue Growth

Understanding revenue growth is essential as it reflects the company's ability to expand its market share and adapt to changing demands.

N/A

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will help gauge how well the company is managing costs and generating income.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

BMI Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

75%

Avg EPS Surprise

+3.51%

Avg Stock Reaction

-6.61%

Last Quarter Recap

Management Promises & Guidance

Focus on improving operational efficiency.
Commitment to exploring new market opportunities.
Plans to enhance product offerings in smart metering.

Expectations

Wall Street Expectations

Overall, expectations are cautious following the significant EPS miss last quarter. Investors will be closely watching for signs of recovery and improved performance in this earnings report.

Bull Case

If Badger Meter can demonstrate strong revenue growth and improved margins, it could signal a turnaround, boosting investor confidence.

Bear Case

Continued underperformance or lack of clear guidance may lead to further declines in stock price, as investors remain skeptical about the company's future.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be this quarter, and how does it compare to last quarter's $0.93?

Given the significant miss last quarter, any improvement in EPS will be crucial for restoring investor confidence.

What specific measures is management taking to improve operational efficiency?

Investors will want to hear concrete steps that could lead to better margins and overall performance.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for a rebound in EPS, given the company's focus on operational improvements and new market opportunities.

Supporting Evidence

Insider buying totaling over $777,000 suggests confidence in the company's future.

The options market is pricing a relatively low move, indicating that traders may not fully anticipate a recovery.

Historical patterns show that similar setups have often led to positive outcomes.

Key Risk

If EPS exceeds $1.10, it could significantly shift market sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will be closely scrutinized, especially in light of the previous quarter's disappointing results.

Bull Confirmed If

An EPS of $1.10 or higher would confirm the bull case, indicating a recovery in profitability.

Bear Confirmed If

An EPS below $0.90 would reinforce the bear case, suggesting ongoing operational challenges.

Pre-Earnings Positioning

Options Market

Implied Move

±5.5%

Historical Avg

±9.7%

Pricing cheap

The options market is pricing in a moderate move of about 5.5%, suggesting that traders expect some volatility around the earnings report.

Options are pricing ±5.5% while BMI has averaged ±9.7% over the last 8 prints — setup is pricing cheap.

Detail

ATM IV

0.5%

30d HV

88.5%

Calls (2K)P/C Ratio: 0.33Puts (2K)

Edge

Historical Setup Match

Cross-company pattern from 28 similar setups.

Prior-quarter miss + options pricing cheap setup in Information Technology

n=28

Fade rate: 9 of 28 (32%)

Edge

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$777,135.66

6,628 sh

5 insiders

Sold

$0.00

0 sh

0 insiders

Net

$777,135.66

Net buying

Most Active Insiders· 5 open-market trades

Chairman, President & CEOBockhorst Kenneth
$258,573.26

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Badger Meter beats expectations, history suggests the stock could rise by an average of 9.65%, confirming a positive turnaround.

In-Line / Cautious

If results are in line but management remains cautious, the stock may see muted movement as investors weigh the outlook.

Miss

A miss could lead to a decline of about 17.57%, as seen in past reactions, further shaking investor confidence.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on operational efficiency improvements and their expected impact on margins.
2Any new product launches or market expansions that could drive future growth.
3Management's outlook on market conditions and how they plan to navigate challenges.
4Specific guidance on revenue expectations for the next quarter.
5Insights into customer demand trends and how they are adapting.