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IDEX Corporation (IEX) Q4 2023 Earnings Call Transcript
IDEX's (IEX) fourth-quarter 2023 revenues decrease 3% due to lower sales in the Health & Science Technologies segment.
The headline numbers for Idex (IEX) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Idex (IEX) came out with quarterly earnings of $1.83 per share, beating the Zacks Consensus Estimate of $1.78 per share. This compares to earnings of $2.01 per share a year ago.
Weakness in the HST segment, the escalating cost of sales, rising selling, general and administrative expenses and forex woes are likely to hurt IDEX's (IEX) fourth-quarter performance.
Get a deeper insight into the potential performance of Idex (IEX) for the quarter ended December 2023 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
IDEX (IEX) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
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IDEX (IEX) benefits from strength across its FSD segment, acquired businesses and shareholder-friendly policies. However, the softness in its HST unit is concerning.
Idex (IEX) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.