Idex Corp Expected To Post Earnings Of $1.89 A Share: Earnings Preview

IDEX

24/10/2023 03:17

* IDEX Corp  IEX.N   IEX  is expected to show a fall in
quarterly
revenue when it reports  results on October 25. 
    * The Northbrook Illinois-based  company is expected to
report  a
1.4% decrease in revenue to $794.496 million from $806.1 million
a year ago, according to the mean estimate from 10 analysts,
based on Refinitiv data. The company's guidance on July 26 2023,
for the period ended September 30, was for revenue between
$785.70 million and $795.20 million.
    * ​Refinitiv's mean analyst estimate for IDEX Corp is for
earnings
of $1.89 per share. The company's EPS guidance on July 26 2023,
for the period ended September 30, was between $1.84 and $1.89 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for IDEX Corp
is
$234​, above​ its last closing price of $192.83. ​​​

The company's guidance on July 26 2023 for the period ended
September 30 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between USD785.7 million and
USD214.4 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 31 2022  2.00        1.98       2.01      Beat    1.7​
 Sep. 30 2022  1.98        2.00       2.14      Beat    6.9
 ​​Jun.        1.89        1.89       2.02      Beat    6.9
 30 2022                                                
 Mar. 31 2022  1.74        1.74       1.96      Beat    12.4​
 Dec. 31 2021  1.58        1.58       1.55      Missed  -2
 Sep. 30 2021  1.57        1.59       1.63      Beat    2.4
 This summary was machine generated October 24 at 02:17 GMT.  All
figures in US dollars  unless otherwise stated