IDEX Q2 2024 Adj. EPS $2.06 Beats $2.04 Estimate, Sales $807.200M Miss $827.785M Estimate
Portfolio Pulse from Benzinga Newsdesk
IDEX (NYSE:IEX) reported Q2 2024 earnings per share of $2.06, beating the analyst estimate of $2.04. However, sales were $807.2 million, missing the $827.785 million estimate. Both EPS and sales were down compared to the same period last year.
July 31, 2024 | 8:31 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
IDEX reported Q2 2024 EPS of $2.06, beating estimates, but sales of $807.2M missed expectations. Both EPS and sales declined year-over-year.
While IDEX's EPS beat estimates, the miss on sales and the year-over-year decline in both EPS and sales could create mixed sentiment among investors. The short-term impact on the stock price is likely to be neutral as the positive EPS is offset by the negative sales performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100