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Stock impact report

Will Increasing Expenses Dent IDEX's (IEX) Q1 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 first-quarter earnings has remained steady in the past 30 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 5.2%. The consensus estimate for the company's first-quarter 2024 revenues is pegged at $802 million, suggesting a decline of 5.2% from the year-ago quarter's reported figure. The consensus estimate for the company's adjusted earnings is pinned at $1.75 per share, indicating a 16.3% 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 and semiconductor markets is expected to have hurt the Health & Science Technologies (HST) segment in the first quarter. We expect the HST segment's revenues to decrease 8.5% year over year to $321.0 million in the first quarter. The in Show less Read more
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