Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for Idex (IEX) due to higher revenues, with actual results being crucial for stock price movement [1][2]. Earnings Expectations - Idex is expected to report quarterly earnings of $1.93 per share, reflecting a +1.6% change year-over-year, with revenues projected at $858.37 million, up 7.5% from the previous year [3]. - The earnings report is scheduled for release on October 29, and better-than-expected results could lead to a stock price increase, while disappointing results may cause a decline [2]. Estimate Revisions - The consensus EPS estimate has been revised 0.47% higher in the last 30 days, indicating a collective reassessment by analysts [4]. - For Idex, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -0.09%, suggesting a bearish outlook from analysts [12]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive or negative reading can predict the likelihood of actual earnings deviating from consensus estimates, with a positive reading being a strong predictor of an earnings beat [9][10]. - Idex's current Zacks Rank is 3, which complicates the prediction of an earnings beat given the negative Earnings ESP [12]. Historical Performance - Idex has consistently beaten consensus EPS estimates over the last four quarters, with a notable surprise of +3.50% in the last reported quarter [13][14]. Industry Comparison - Crane (CR), another player in the Zacks Manufacturing - General Industrial industry, is expected to post earnings of $1.46 per share, indicating a +5.8% year-over-year change, with revenues expected to decline by 3.6% [18]. - Crane's consensus EPS estimate has been revised 0.3% higher, and it has a positive Earnings ESP of +4.93%, suggesting a likely earnings beat [19].
Idex (IEX) Reports Next Week: Wall Street Expects Earnings Growth