IDEXX Labs cuts 2024 revenue forecast on lagging vet visits, strong dollar [Reuters]
IDEXX Laboratories, Inc. (IDXX)
Last idexx laboratories, inc. earnings: 4/30 06:30 am
Check Earnings Report
US:NASDAQ Investor Relations:
idexx.com/en/about-idexx/investors
Company Research
Source: Reuters
the animal diagnostic equipment maker expects a hit from a slowdown in veterinary clinic visits by pet owners and a stronger dollar. Visits to veterinary clinics, after a COVID-driven boom, have been disrupted due to staffing shortages in the past few years. IDEXX lowered its full-year revenue forecast to between $3.9 billion and $3.97 billion from its previous estimate of $3.93 billion to $4.04 billion. Analysts on average estimate the company's revenue for the period to be $3.99 billion, according to LSEG data. The company's outlook includes a $35 million negative impact from the strengthening of the U.S. dollar. Maine-based IDEXX earns around a third of its revenue from markets outside the United States, including Africa, Asia, Canada, Europe and Latin America. IDEXX also lowered its 2024 profit forecast to between $10.82 and $11.20 per share from its previous range of $10.84 to $11.33 per share. It posted sales of $964.1 million in the quarter ended March 31, missing a
Show less
Read more
Impact Snapshot
Event Time:
IDXX
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
IDXX alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
IDXX alerts
High impacting IDEXX Laboratories, Inc. news events
Weekly update
A roundup of the hottest topics
IDXX
News
- IDEXX Laboratories, Inc. (NASDAQ: IDXX) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- IDEXX Laboratories to Present at Stifel Conference and Announces 2024 Investor Day [Yahoo! Finance]Yahoo! Finance
- IDEXX Laboratories to Present at Stifel Conference and Announces 2024 Investor DayBusiness Wire
- IDEXX Laboratories, Inc. (NASDAQ: IDXX) had its price target lowered by analysts at Morgan Stanley from $620.00 to $596.00. They now have an "overweight" rating on the stock.MarketBeat
- IDEXX Laboratories (NASDAQ:IDXX) Knows How To Allocate Capital [Yahoo! Finance]Yahoo! Finance
IDXX
Earnings
- 5/1/24 - Beat
IDXX
Sec Filings
- 5/10/24 - Form 8-K
- 5/8/24 - Form 4
- 5/8/24 - Form 4
- IDXX's page on the SEC website