Idex Corp Expected To Post Earnings Of $1.99 A Share: Earnings Preview

IDEX

24/10/2022 18:41

* IDEX Corp  IEX.N   IEX  is expected to show a rise in
quarterly
revenue when it reports  results on October 26. 
    * The Northbrook Illinois-based  company is expected to
report  a
9.6% increase in revenue to $780.592 million from $712.02
million a year ago, according to the mean estimate from 13
analysts, based on Refinitiv data. The company's guidance on
July 27 2022, for the period ended September 30, was for revenue
between $776.10 million and $783.22 million.
    * ​Refinitiv's mean analyst estimate for IDEX Corp is for
earnings
of $1.99 per share. The company's EPS guidance on July 26 2022,
for the period ended September 30, was between USD1.98 and
USD2.03 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 7
"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
$220​, above​ its last closing price of $203.95. ​​​

The company's guidance on July 27 2022 for the period ended
September 30 was for Earnings before Interest and Taxes between
USD186.26417 million and USD187.97302 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 2022  1.89        1.89       2.02      Beat    6.9
 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
 ​​Jun.        1.62        1.62       1.61      Missed  -0.3
 30 2021                                                
 Mar. 31 2021  1.41        1.41       1.51      Beat    6.8​
 Dec. 31 2020  1.32        1.31       1.37      Beat    4.8
 Sep. 30 2020  1.20        1.20       1.40      Beat    17
 This summary was machine generated October 24 at 17:41 GMT.  All
figures in US dollars  unless otherwise stated