Idex Corp Expected To Post Earnings Of $1.76 A Share: Earnings Preview

IDEX

19/04/2024 22:25

* IDEX Corp  IEX.N   IEX  is expected to show a fall in
quarterly
revenue when it reports  results on April 23 for the period
ending March 31 2024
    * The Northbrook Illinois-based  company is expected to
report a
4.5% decrease in revenue to $807.018 million from $845.4 million
a year ago, according to the mean estimate from 10 analysts,
based on LSEG data.The company's guidance on February 6 2024,
for the period ended March 31, was for revenue between $794.20
million and $802.60 million.
    * ​LSEG's mean analyst estimate for IDEX Corp is for
earnings of
$1.76 per share. The company's EPS guidance on February 6 2024,
for the period ended March 31, was between $1.70 and $1.75 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 7
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had risen by
about 0.1%
in the last three months. ​
    * Wall Street's median 12-month price target for IDEX Corp
is
$240.00​, above​ its last closing price of $227.04. ​​​

The company's guidance on February 7 2024 for the period ended
March 31 was for Earnings before Interest, Taxes, Depreciation
and Amortization of between USD794.2 million and USD200.65
million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  1.78        1.78       1.83      Beat    3
 Sep. 30 2023  1.89        1.89       2.12      Beat    12.3
 Jun. 30 2023  2.12        2.11       2.18      Beat    3.1​
 Mar. 31 2023  2.02        2.02       2.09      Beat    3.7
 ​​Dec.        2.00        1.98       2.01      Beat    1.7
 31 2022                                                
 Sep. 30 2022  1.98        2.00       2.14      Beat    6.9​
 Jun. 30 2022  1.89        1.89       2.02      Beat    6.9
 Mar. 31 2022  1.74        1.74       1.96      Beat    12.4
 This summary was machine generated April 19 at 21:25 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)