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Northbrook, Illinois-based IDEX Corporation (IEX) is an applied solutions company specializing in a range of applications such as fluid and metering technologies, health and science technologies, and fire, safety, and other products. With a market cap of $13.8 billion, IDEX operations span the Americas, Europe, and the Indo-Pacific.
The industrial major is expected to release its Q2 results after the market closes on Wednesday, Jul. 30. Ahead of the event, analysts expect IEX to deliver a profit of $1.99 per share, down 3.4% from $2.06 per share reported in the year-ago quarter. On a positive note, the company has surpassed the Street’s bottom-line estimates in each of the past four quarters.
For the full fiscal 2025, analysts expect IEX to report an EPS of $8.21, up 4.1% from $7.89 reported in the previous year. While in fiscal 2026, its earnings are expected to grow 8.3% year-over-year to $8.89 per share.
IEX stock has dropped 5.6% over the past 52 weeks, notably underperforming the Industrial Select Sector SPDR Fund’s (XLI) 24.1% surge and the S&P 500 Index’s ($SPX) 12.3% returns during the same time frame.
IDEX’s stock prices rose 3.5% in the trading session after the release of its Q1 results on May 1. While the company’s organic sales took a slight hit during the quarter, its overall topline inched up 1.7% year-over-year to $814.3 million, surpassing the Street’s expectations. Although its adjusted EPS for the quarter dropped 6.9% year-over-year to $1.75, it was 6.7% ahead of the consensus estimates. Moreover, the company’s orders touched a record $872 million, boosting investor confidence.
The stock holds a consensus “Moderate Buy” rating overall. Of the 11 analysts covering the stock, opinions include six “Strong Buys,” one “Moderate Buy,” and four “Holds.” Its mean price target of $208.10 indicates a 12.9% upside potential from current price levels.
On the date of publication, Aditya Sarawgi did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
