IDEX Cuts FY24 Adjusted EPS Forecast From $8.15 - $8.45 To $7.80 - $7.90, Est $8.29
Portfolio Pulse from Benzinga Newsdesk
IDEX Corporation has revised its FY24 adjusted EPS forecast downwards from $8.15 - $8.45 to $7.80 - $7.90, compared to an estimated $8.29.
July 31, 2024 | 8:47 pm
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NEGATIVE IMPACT
IDEX Corporation has lowered its FY24 adjusted EPS forecast from $8.15 - $8.45 to $7.80 - $7.90, which is below the estimated $8.29. This revision may negatively impact investor sentiment and the stock price in the short term.
The downward revision of the EPS forecast indicates potential challenges in the company's financial performance, which is likely to lead to negative investor sentiment and a short-term decline in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100