IDEX Earnings Preview
Portfolio Pulse from Benzinga Insights
IDEX (NYSE:IEX) is scheduled to release its quarterly earnings report on February 6, 2024, with analysts estimating an EPS of $1.77. Historical data shows IDEX has a pattern of beating EPS estimates, which often leads to a positive stock price reaction. Last quarter, IDEX beat the EPS estimate by $0.23, resulting in a 3.32% share price increase the following day. However, over the last 52 weeks, IDEX shares have decreased by 2.52%, indicating a bearish sentiment among long-term shareholders.
February 05, 2024 | 7:01 pm
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IDEX is anticipated to report an EPS of $1.77 for the upcoming quarter. Historical performance shows a tendency to beat EPS estimates, potentially leading to a positive stock price movement. However, the stock has seen a 2.52% decline over the past year, reflecting a bearish long-term sentiment.
Given IDEX's history of beating EPS estimates and the subsequent positive reaction in stock price, there's a likelihood of a short-term positive impact, especially if they beat the EPS again and provide optimistic guidance. However, the overall bearish sentiment over the past year suggests caution.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100