IDEX (NYSE:IEX) reported its Q1 earnings results on Tuesday, April 26, 2022 at 04:00 PM.

Here's what investors need to know about the announcement.

Earnings

IDEX beat estimated earnings by 12.64%, reporting an EPS of $1.96 versus an estimate of $1.74.

Revenue was up $99.06 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.03 which was followed by a 4.5% drop in the share price the next day.

Here's a look at IDEX's past performance:

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

IDEX management provided guidance for Q2 2022, expecting earnings between $1.85 and $1.9 per share.

To track all earnings releases for IDEX visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.