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Idex (IEX) Surpasses Q1 Earnings and Revenue Estimates
ZACKSยท 2025-05-01 13:20
Group 1 - Idex reported quarterly earnings of $1.75 per share, exceeding the Zacks Consensus Estimate of $1.64 per share, but down from $1.88 per share a year ago, representing an earnings surprise of 6.71% [1] - The company achieved revenues of $814.3 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 1.36% and increasing from $800.5 million year-over-year [2] - Idex has outperformed consensus EPS estimates in all four quarters over the past year and has topped revenue estimates twice during the same period [2] Group 2 - The stock has underperformed the market, losing approximately 16.9% since the beginning of the year compared to the S&P 500's decline of 5.3% [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 next quarter is $2.08 on revenues of $847.07 million, and for the current fiscal year, it is $8.03 on revenues of $3.38 billion [7] Group 3 - The Zacks Industry Rank indicates that the Manufacturing - General Industrial sector is in the bottom 42% of over 250 Zacks industries, suggesting potential challenges for stock performance [8] - The correlation between near-term stock movements and earnings estimate revisions is strong, and investors can track these revisions or use tools like the Zacks Rank for guidance [5][6]