Idex: Here’s What Investors Need to Know Before Earnings
Idex (NYSE:IEX) will report earnings after markets close on Monday, July 22nd. IDEX Corporation designs, manufactures, and markets a variety of pump products, dispensing equipment, and other engineered products. The Company’s products include industrial pumps, lubrication systems, banding and clamping devices, and rescue tools. IDEX markets its products to customers in the United States and overseas.
Here is your Cheat Sheet to Idex Earnings:
Earnings Expectations: Analysts expect earnings of $0.74 per share on revenues of $516.23 million. Currently, the company’s P/E ratio stands at 102.89.
Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.73 and has not changed. For the current year, the average estimate is a profit of $2.95, which is better than the estimate ninety days ago.
Here’s how Idex has been performing on an annual basis:
|Revenue ($) in millions||1,489||1,330||1,513||1,838||1,954|
|Diluted EPS ($)||1.60||1.40||1.90||2.32||0.45|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Jun. 30, 2012||Sep. 30, 2012||Dec. 31, 2012||Mar. 31, 2013|
|Revenue ($) in millions||494.14||479.86||490.84||494.45|
|Diluted EPS ($)||0.65||0.60||-1.45||0.74|
Idex has beat analyst estimates 3 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)