IDEX Corporation (NYSE:IEX) is set to announce third quarter earning results on Tuesday 27th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, IEX to report 3Q20 income of $ 1.20 per share from revenue of $ 563.53 million.
For the full year, analysts anticipate top line of $ 2297.82 million, while looking forward to income of $ 4.84 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 5.55 ~ $ 5.85 per share
Click Here For More Historical Outlooks Of IDEX Corporation
Previous Quarter Performance
IDEX Corporation posted income for the second quarter of $ 1.10 per share, from the revenue of $ 561.25 million. The quarterly earnings reduced 26.67 percent while revenues contracted 14.40 percent compared with the same quarter last year.
Street analysts expected IDEX Corporation to report income of $ 1.00 per share on revenue of $ 527.87 million for the second quarter. The bottom line results beat street analysts by $ 0.1 or 10.00 percent, at the same time, top line results outshined analysts by $ 33.38 million or 6.32 percent.
Stock Performance
Shares of IDEX Corporation traded up $ 2.56 or 1.35 percent on Friday, reaching $ 191.63 with volume of 290.10 thousand shares. IDEX Corporation has traded high as $ 191.81 and has cracked $ 189.02 on the downward trend
According to the previous trading day, closing price of $ 191.63, representing a 80.82 % increase from the 52 week low of $ 104.56 and a 2.69 % decrease over the 52 week high of $ 194.30.
The company has a market capital of $ 14.47 billion and is part of the Industrials sector and Diversified Industrials industry.
Recent Analyst recommendations
- On 22nd September 2020, maintained by Rosenblatt Securities at Buy rating, with $ 200.00 target price.
IDEX Corporation, through its subsidiaries, operates as an applied solutions company worldwide. The company operates through three segments: Fluid & Metering Technologies (FMT), Health & Science Technologies (HST), and Fire & Safety/Diversified Products (FSDP). The FMT segment designs, produces, and distributes positive displacement pumps, flow meters, injectors, and other fluid-handling pump modules and systems, as well as offers flow monitoring and other services for the food, chemical, general industrial, water and wastewater, agricultural, and energy industries.
