Recap: IDEX Q4 Earnings

IDEX IEX reported its Q4 earnings results on Tuesday, February 6, 2024 at 04:30 PM.

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

IDEX beat estimated earnings by 2.81%, reporting an EPS of $1.83 versus an estimate of $1.78.

Revenue was down $21.80 million from the same period last year.

Last quarter the company beat on EPS by $0.23 which was followed by a 3.32% increase in the share price the next day.

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

Quarter	Q3 2023	Q2 2023	Q1 2023	Q4 2022
EPS Estimate	1.89	2.11	2.02	1.97
EPS Actual	2.12	2.18	2.09	2.01
Revenue Estimate	794.50M	851.42M	818.55M	773.14M
Revenue Actual	793.40M	846.20M	845.40M	810.70M

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).

IDEX management provided guidance for Q1 2024, expecting earnings between $1.7 and $1.75 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.

Overview Rating:

Speculative

0100

Earnings Calendar