Idex (IEX) Soars 7.3%: Is Further Upside Left in the Stock?

Group 1 - IDEX Corporation (IEX) shares increased by 7.3% to close at $173.80, following a period of 12.4% loss over the past four weeks, indicating notable trading volume [1][2] - The rally is attributed to optimism regarding IDEX's strong momentum in the intelligent water business and the Trump administration's temporary halt on reciprocal tariffs for most countries [2] - IDEX is expected to report quarterly earnings of $1.64 per share, reflecting a year-over-year decline of 12.8%, while revenues are projected to be $811.61 million, an increase of 1.4% from the previous year [3] Group 2 - The consensus EPS estimate for IDEX has remained unchanged over the last 30 days, suggesting that stock price movements may not sustain without trends in earnings estimate revisions [5] - IDEX holds a Zacks Rank of 3 (Hold), indicating a neutral outlook, while another stock in the same industry, DNOW, has a Zacks Rank of 1 (Strong Buy) [5][6] - DNOW's consensus EPS estimate is $0.19, representing a decline of 9.5% from the previous year, and the stock finished the last trading session 10.4% higher at $15.66 [6]