Idex Corp Expected To Post Earnings Of $2.11 A Share: Earnings Preview

IDEX

24/07/2023 22:52

* IDEX Corp  IEX.N   IEX  is expected to show a rise in
quarterly
revenue when it reports  results on July 26. 
    * The Northbrook Illinois-based  company is expected to
report  a
6.9% increase in revenue to $851.42 million from $796.1 million
a year ago, according to the mean estimate from 10 analysts,
based on Refinitiv data. The company's guidance on April 26
2023, for the period ended June 30, was for revenue of $853.000
million.
    * ​Refinitiv's mean analyst estimate for IDEX Corp is for
earnings
of $2.11 per share. The company's EPS guidance on April 26 2023,
for the period ended June 30, was between $2.10 and $2.13 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 6
"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
$230​, above​ its last closing price of $214.85. ​​​

The company's guidance on April 26 2023 for the period ended
June 30 was for Earnings before Interest, Taxes, Depreciation
and Amortization of between USD853 million and USD236 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  
 Mar. 31 2023  2.02        2.02       2.09      Beat    3.7
 Dec. 31 2023  2.00        1.98       2.01      Beat    1.7
 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.        1.74        1.74       1.96      Beat    12.4
 31 2022                                                
 Dec. 31 2021  1.58        1.58       1.55      Missed  -2​
 Sep. 30 2021  1.57        1.59       1.63      Beat    2.4
 Jun. 30 2021  1.62        1.62       1.61      Missed  -0.3
 This summary was machine generated July 24 at 21:52 GMT.  All
figures in US dollars  unless otherwise stated