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Stock impact report

Will Increasing Expenses Dent IDEX's (IEX) Q4 Earnings? [Yahoo! Finance]

IDEX Corporation (IEX) 
Last idex corporation earnings: 4/23 04:02 pm Check Earnings Report
Company Research Source: Yahoo! Finance
The Zacks Consensus Estimate for the company's fourth-quarter earnings has remained steady in the past 60 days. The company has an impressive earnings surprise history, having outperformed the consensus estimate in each of the preceding four quarters, the average beat being 4.9%. The consensus estimate for the company's fourth-quarter 2023 revenues is pegged at $769 million, suggesting a decline of 5.2% from the prior-year quarter's reported figure. The consensus estimate for the company's adjusted earnings is pinned at $1.78 per share, indicating an 11.4% decline from the year-ago quarter's reported number. Let's see how things are shaping up for IDEX this earnings season. Factors to Note Softness in the life sciences, analytical instrumentation, semiconductor, and industrial end markets is expected to have hurt the Health & Science Technologies (HST) segment in the fourth quarter. We expect the HST segment's revenues to decrease 12.3% year over year to $309.8 million in the Show less Read more
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