Consensus revenue is projected at $2.33 billion with an EPS of $1.34, while the current stock price of $119.66 reflects significant upside potential toward the average analyst target of $150.94.
Investors are primarily focused on the company's backlog execution and the successful conversion of its record $4.7 billion order book into realized revenue.
Management is expected to provide updates on its '80/20' simplification initiatives, which are targeted to expand adjusted EBITDA margins to a range of 22% to 22.5%. Analysts are also watching for the impact of the international Sensus metering divestiture and navigation of industrial demand headwinds in the Chinese market.