Ituran Location and Control Ltd. Earnings Calls

Q1 2025 (Upcoming)
Release date May 28, 2025
EPS estimate $0.700
EPS actual -
Revenue estimate 88.47M
Revenue actual -
Expected change +/- 7.04%
Q4 2024 Beat
$0.700 (7.69%)
Release date Feb 26, 2025
EPS estimate $0.650
EPS actual $0.700
EPS Surprise 7.69%
Revenue estimate 81.814M
Revenue actual 82.883M
Revenue Surprise 1.31%
Q3 2024 Beat
$0.690 (11.29%)
Release date Nov 21, 2024
EPS estimate $0.620
EPS actual $0.690
EPS Surprise 11.29%
Revenue estimate 82.04M
Revenue actual 83.479M
Revenue Surprise 1.75%
Q2 2024 Beat
$0.660 (8.20%)
Release date Aug 19, 2024
EPS estimate $0.610
EPS actual $0.660
EPS Surprise 8.20%
Revenue estimate 86.2M
Revenue actual 84.869M
Revenue Surprise -1.54%

Last 4 Quarters for Ituran Location and Control Ltd.

Below you can see how ITRN performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.

Q2 2024 Beat
Release date Aug 19, 2024
Fiscal end date Jun 30, 2024
Price on release $27.87
EPS estimate $0.610
EPS actual $0.660
EPS surprise 8.20%
Date Price
Aug 13, 2024 $26.26
Aug 14, 2024 $26.30
Aug 15, 2024 $27.10
Aug 16, 2024 $27.04
Aug 19, 2024 $27.87
Aug 20, 2024 $28.60
Aug 21, 2024 $28.58
Aug 22, 2024 $28.22
Aug 23, 2024 $29.53
4 days before 6.13%
4 days after 5.96%
On release day 2.62%
Change in period 12.45%
Q3 2024 Beat
Release date Nov 21, 2024
Fiscal end date Sep 30, 2024
Price on release $28.50
EPS estimate $0.620
EPS actual $0.690
EPS surprise 11.29%
Date Price
Nov 15, 2024 $26.75
Nov 18, 2024 $26.82
Nov 19, 2024 $27.18
Nov 20, 2024 $27.26
Nov 21, 2024 $28.50
Nov 22, 2024 $28.98
Nov 25, 2024 $29.14
Nov 26, 2024 $29.69
Nov 27, 2024 $29.80
4 days before 6.54%
4 days after 4.56%
On release day 1.68%
Change in period 11.40%
Q4 2024 Beat
Release date Feb 26, 2025
Fiscal end date Dec 31, 2024
Price on release $43.91
EPS estimate $0.650
EPS actual $0.700
EPS surprise 7.69%
Date Price
Feb 20, 2025 $41.68
Feb 21, 2025 $41.52
Feb 24, 2025 $40.58
Feb 25, 2025 $40.17
Feb 26, 2025 $43.91
Feb 27, 2025 $42.78
Feb 28, 2025 $41.88
Mar 03, 2025 $39.80
Mar 04, 2025 $39.52
4 days before 5.35%
4 days after -10.00%
On release day -2.57%
Change in period -5.18%
Q1 2025 (Upcoming)
Release date May 28, 2025
Fiscal end date Mar 31, 2025
Price on release -
EPS estimate $0.700
EPS actual -
Date Price
May 12, 2025 $37.18
May 13, 2025 $37.40
May 14, 2025 $37.56
May 15, 2025 $37.84
May 16, 2025 $37.82

Ituran Location and Control Ltd. Earnings Call Transcript Summary of Q4 2024

Q4 2024 Earnings Call

Financial Performance:

  • Q4 Revenue: $82.9 million, a 7% increase from $77.8 million in Q4 2023. When adjusted for currency effects, local revenue growth was 11%.
  • Subscription Revenue: $61.5 million, up 4% year-over-year; local currency increase of 9%.
  • Product Revenue: $21.3 million, a 16% increase year-over-year, stable in local currencies.
  • Subscriber Growth: Net increase of 40,000 subscribers in Q4, bringing the total to 2.409 million, above guidance of 35,000-40,000.
  • Annual Performance: 2024 total revenue reached a record $336 million, up 5% from $320 million in 2023, with substantial contributions from subscription fees.

Profitability:

  • EBITDA: $22.5 million in Q4, representing 27.2% of revenue (up from 28.2% in Q4 2023). Annual EBITDA of $91.3 million, a 5% increase year-over-year.
  • Net Income: $13.8 million for Q4, reflecting a 15% year-over-year increase. Full year net income was $53.7 million, an 11% increase over 2023.

Cash Position:

  • Strong cash generation with operational cash flow of almost $23 million in Q4, total cash reserves of $77.4 million, minimal debt ($0.1 million).
  • Dividend Increased: Quarterly dividend raised by 25% to $10 million, yielding a 5% annualized return for shareholders.

Growth Prospects:

  • Subscriber Acquisition: Anticipated growth of 180,000 to 200,000 new subscribers in 2025, representing over 20% growth from 2024.
  • Market Initiatives:
    • Successful trials with major partners like Daimler in India and a new five-year agreement with Nissan in Chile expected to boost subscriber growth.
    • Continued strong traction in Israel for usage-based insurance, addressing high car theft rates.
    • New motorcycle product showing strong market uptake, expanding the total addressable market.

Challenges and Considerations:

  • Currency fluctuations negatively affected USD-denominated results, though local revenue showed strong performance.
  • The company focuses on expanding OEM partnerships, although these typically generate lower margins compared to retail sales.

Investor Outlook:

  • While the 2025 EBITDA target guidance was not provided due to currency volatility, the company remains optimistic based on strong operational performance and subscriber growth trends.
  • Management emphasized ongoing commitment to maximize profitability and adaptability in pricing strategies as market conditions evolve.

Conclusion:

Ituran Location and Control Ltd. showcased solid financial growth in Q4 and throughout 2024, with strategic initiatives driving subscriber additions and establishing new partnerships. Investors can expect continued focus on subscriber growth and expansion of offerings, while also benefiting from a strong cash position and increased dividends.

Ituran Location and Control Ltd. Earnings History

Earnings Calendar

FAQ

When is the earnings report for ITRN?
Ituran Location and Control Ltd. (ITRN) has scheduled its earnings report for May 28, 2025 before the markets open.

What is the ITRN price-to-earnings (P/E) ratio?
ITRN P/E ratio as of May 16, 2025 (TTM) is 13.93.

What is the ITRN EPS forecast?
The forecasted EPS (Earnings Per Share) for Ituran Location and Control Ltd. (ITRN) for the first fiscal quarter 2025 is $0.700.

What are Ituran Location and Control Ltd.'s retained earnings?
On its balance sheet, Ituran Location and Control Ltd. reported retained earnings of $82.88 million for the latest quarter ending Dec 31, 2024.

What Is an Earnings Report?
An earnings report is usually issued quarterly (Q1, Q2, Q3 & Q4) by public companies to report their performance. Earnings reports typically include net income, earnings per share, earnings from continuing operations, and net sales. Looking at the earnings report investors can start gauge the financial health of the company and make even better decisions whether to buy, sell, or stay in the company. Fundamental analysts and value investors will typically hunt for stocks that continue to show good financial ratios and use a decline as an exit point. One of the most anticipated numbers for analysis is earnings per share because it indicates how much the company earned for its shareholders. The report will also indicate a possible dividend.

Earnings Report Content
Earnings reports generally provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. These figures are typically measured against previous quarters/years. Furthermore, the earnings report usually includes a summary and analysis from the CEO or company spokesman, alongside a more general view of the financials and future forecast.

What To Know About Earnings Reports?
Announcement of earnings for a stock, particularly for well followed large-capitalization stocks, can move the market. Stock prices can fluctuate wildly on days when the quarterly earnings report is released. Despite good reports, stocks may very well fall if the investors were expecting more or they believe the next quarter will not be as good. Investors always try to be ahead of the market and future earnings/losses are often discounted into the current price of the stock. It is natural for stocks to start to move in either direction a few days before the release of an earnings report.
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ABOUT ITURAN LOCATION AND CONTROL LTD.
Ituran Location and Control Ltd.
Ituran Location and Control Ltd., together with its subsidiaries, provides location-based telematics services and machine-to-machine telematics products. The company's Telematics services segment provides stolen vehicle recovery and tracking services, which locate, track, and recover stolen vehicles for its subscribers; fleet management services that enable corporate and individual customers to track and manage their vehicles in real time; and lo...
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