Here's What to Expect from IDEX's Next Earnings Report

Northbrook, Illinois-based IDEX Corporation (IEX) is an applied solutions company specializing in various applications such as fluid and metering technologies, health and science technologies, and fire, safety, and other products. With a market cap of $16 billion, IDEX operations span the Americas, Europe, and the Indo-Pacific. The industrial major is expected to release its Q3 earnings after the market closes on Tuesday, Oct. 29.

Ahead of the event, analysts expect IDEX to report a profit of $1.89 per share, down 10.9% from $2.12 per share reported in the year-ago quarter. The company has consistently surpassed Wall Street’s adjusted EPS projections in each of the past four quarters. Its adjusted EPS for the last reported quarter declined 5.5% year-over-year to $2.06, managing to exceed the consensus estimates by a small margin.