IDEX (NYSE:IEX) reported its Q1 earnings results on Tuesday, April 26, 2022 at 04:00 PM.
Here's what investors need to know about the announcement.
Earnings
IDEX beat estimated earnings by 12.64%, reporting an EPS of $1.96 versus an estimate of $1.74.
Revenue was up $99.06 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.03 which was followed by a 4.5% drop in the share price the next day.
Here's a look at IDEX's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 1.58 | 1.59 | 1.61 | 1.41 |
| EPS Actual | 1.55 | 1.63 | 1.61 | 1.51 |
| Revenue Estimate | 708.52M | 697.44M | 685.88M | 634.85M |
| Revenue Actual | 714.80M | 712.02M | 685.95M | 652.04M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
IDEX management provided guidance for Q2 2022, expecting earnings between $1.85 and $1.9 per share.
To track all earnings releases for IDEX visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
