For the quarter ended March 2024, Idex (IEX) reported income of $800.5 million, down 5.3% over the identical interval final 12 months. EPS got here in at $1.88, in comparison with $2.09 within the year-ago quarter.
The reported income compares to the Zacks Consensus Estimate of $804.97 million, representing a shock of -0.56%. The corporate delivered an EPS shock of +7.43%, with the consensus EPS estimate being $1.75.
Whereas traders scrutinize income and earnings adjustments year-over-year and the way they evaluate with Wall Road expectations to find out their subsequent transfer, some key metrics all the time supply a extra correct image of an organization’s monetary well being.
As these metrics affect top- and bottom-line efficiency, evaluating them to the year-ago numbers and what analysts estimated helps traders venture a inventory’s worth efficiency extra precisely.
Right here is how Idex carried out within the simply reported quarter when it comes to the metrics most generally monitored and projected by Wall Road analysts:
- Web gross sales – Natural affect – YoY change: -6% in comparison with the -6.5% common estimate based mostly on two analysts.
- Web sales- Fluid & Metering Applied sciences: $313.70 million versus $312.07 million estimated by three analysts on common. In comparison with the year-ago quarter, this quantity represents a -2.5% change.
- Intersegment gross sales eliminations: -$1.30 million versus the three-analyst common estimate of -$1.32 million. The reported quantity represents a year-over-year change of -27.8%.
- Web sales- Hearth & Security / Diversified Merchandise: $178 million in comparison with the $173.98 million common estimate based mostly on three analysts. The reported quantity represents a change of +2.1% 12 months over 12 months.
- Web sales- Well being & Science Applied sciences: $310.10 million versus $322.66 million estimated by three analysts on common. In comparison with the year-ago quarter, this quantity represents a -11.7% change.
- Working earnings (loss)- Company and Others: -$30.50 million versus the three-analyst common estimate of -$26.45 million.
- Working earnings (loss)- Hearth & Security / Diversified Merchandise: $47.70 million versus $42.09 million estimated by three analysts on common.
- Working earnings (loss)- Well being & Science Applied sciences: $49.20 million in comparison with the $56.11 million common estimate based mostly on three analysts.
- Working earnings (loss)- Fluid & Metering Applied sciences: $94.80 million versus $87.01 million estimated by three analysts on common.
View all Key Company Metrics for Idex here>>>
Shares of Idex have returned -5% over the previous month versus the Zacks S&P 500 composite’s -4.2% change. The inventory presently has a Zacks Rank #3 (Maintain), indicating that it may carry out consistent with the broader market within the close to time period.
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The views and opinions expressed herein are the views and opinions of the creator and don’t essentially mirror these of Nasdaq, Inc.
