IDEX Corporation Prepares for Q1 Earnings; Analysts Project Decline
IDEX Corporation (IEX) has a market capitalization of $12.3 billion and delivers solutions globally. Established in 1987 and based in Northbrook, Illinois, the company operates in three sectors: Fluid & Metering Technologies (FMT), Health & Science Technologies (HST), and Fire & Safety/Diversified Products (FSDP). The company is set to release its fiscal Q1 earnings results on Tuesday, April 22.
Analysts Forecast Lower Earnings
Ahead of the earnings announcement, analysts estimate that IEX will report earnings of $1.64 per share. This figure represents a 12.8% decline from last year’s profit of $1.88 per share in the same quarter. Notably, IEX has surpassed Wall Street’s EPS estimates in each of the last four quarters. In the most recent fourth quarter, IEX posted earnings per share (EPS) of $2.04, slightly exceeding consensus projections.
Future EPS Projections
For fiscal 2025, analysts expect IEX to achieve an EPS of $8.21, reflecting a 4.1% growth compared to $7.89 for fiscal 2024. Furthermore, EPS is forecasted to rise by 11.1% year-over-year to reach $9.12 in fiscal 2026.
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Stock Performance Overview
Over the past 52 weeks, shares of IEX have decreased by 31.9%, which is significantly worse than the S&P 500 Index’s ($SPX) 2.7% decline and the Industrial Select Sector SPDR Fund’s (XLI) 6.6% drop during the same period.
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Analyst Ratings and Price Targets
Following the release of its Q4 results on February 4, IEX’s stock saw a minor decline. The fourth quarter showcased a robust 9.4% year-over-year increase in net sales, totaling $862.9 million. Additionally, adjusted net income rose by 11.6% year-over-year, reaching $155.1 million. For the current fiscal year, the company anticipates organic sales growth of 1% to 3%.
Regarding the stock, analysts maintain a moderately bullish outlook, with an overall consensus rating of “Moderate Buy.” Among 11 analysts tracking the stock, six favor a “Strong Buy,” one advocates for a “Moderate Buy,” while the remaining four suggest a “Hold” rating.
The analysts’ average price target for IEX is $234.10, indicating a potential upside of 43.7% compared to current market prices.
On the date of publication, Kritika Sarmah did not hold (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article are solely for informational purposes. For further details, please view the Barchart Disclosure Policy here.
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