Market Overview

Earnings Outlook for IDEX

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On Tuesday, October 27, IDEX (NYSE: IEX) will release its latest earnings report. Benzinga's outlook for IDEX is included in the following report.

Net Income, Earnings, And Earnings Per Share

Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.

Earnings And Revenue

IDEX earnings will be near $1.2 per share on sales of $563.53 million, according to analysts. IDEX reported a profit of $1.52 per share when it published results during the same quarter last year. Sales in that period totaled $624.25 million.

What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?

Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.

The analyst consensus estimate would represent a 21.05% decrease in the company's earnings. Sales would be down 9.73% from the same quarter last year. Here is how the IDEX's reported EPS has stacked up against analyst estimates in the past:

Quarter Q2 2020 Q1 2020 Q4 2020 Q3 2019
EPS Estimate 0.99 1.30 1.36 1.46
EPS Actual 1.10 1.33 1.33 1.52
Revenue Estimate 526.34 M 597.50 M 616.06 M 640.69 M
Revenue Actual 561.25 M 594.46 M 606.00 M 624.25 M

Stock Performance

Over the last 52-week period, shares are up 16.58%. Given that these returns are generally positive, long-term shareholders can relax going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.

Do not be surprised to see the stock move on comments made during its conference call. IDEX is scheduled to hold the call at 10:30:00 ET and can be accessed here.

 

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Posted-In: Earnings