IDEXX Laboratories Earnings: Here’s Why the Stock is Falling Now

IDEXX Laboratories, Inc. (NASDAQ:IDXX) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 3.14%.

Markets are at 5-year highs! Discover the best stocks to own. Click here for our fresh Feature Stock Pick now!

IDEXX Laboratories, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 12.5% to $0.81 in the quarter versus EPS of $0.72 in the year-earlier quarter.

Revenue: Rose 2.92% to $332.1 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: IDEXX Laboratories, Inc. reported adjusted EPS income of $0.81 per share. By that measure, the company missed the mean analyst estimate of $0.82. It missed the average revenue estimate of $341.06 million.

Quoting Management: “We are pleased with the strength of our innovations within the product and service portfolio and the value we bring to our customers, including timely and complete diagnostic information supplemented by VetConnect® PLUS, our integrated cloud-based platform for presentation of in-house and reference labs diagnostic results, which has reached over 6,700 activations in the U.S. While organic revenue growth in the quarter was lower than our expectations, margins and earnings were solid, before discrete items,” said Jonathan Ayers, Chairman and Chief Executive Officer.

Key Stats (on next page)…

Revenue increased 3.93% from $319.54 million in the previous quarter. EPS increased 9.46% from $0.74 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.99 to a profit $1. For the current year, the average estimate has moved up from a profit of $3.47 to a profit of $3.54 over the last ninety days.

Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.

(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]