Group 1 - Idex reported quarterly earnings of $2.04 per share, exceeding the Zacks Consensus Estimate of $2.03 per share, and up from $1.83 per share a year ago, representing an earnings surprise of 0.49% [1] - The company posted revenues of $862.9 million for the quarter ended December 2024, which was 0.24% below the Zacks Consensus Estimate, and an increase from $788.9 million year-over-year [2] - Idex has surpassed consensus EPS estimates in all four of the last quarters, but has only topped consensus revenue estimates once in the same period [2] Group 2 - The stock has gained approximately 4.6% since the beginning of the year, outperforming the S&P 500's gain of 1.9% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to those expectations [4] - The current consensus EPS estimate for the upcoming quarter is $1.99 on revenues of $846.77 million, and for the current fiscal year, it is $8.47 on revenues of $3.47 billion [7] Group 3 - The Zacks Industry Rank indicates that the Manufacturing - General Industrial sector is currently in the bottom 32% of over 250 Zacks industries, suggesting potential challenges for stock performance [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors or through tools like the Zacks Rank [5][6]
Idex (IEX) Tops Q4 Earnings Estimates