Earnings Update: IDEX Corporation (NYSE:IEX) Just Reported Its Annual Results And Analysts Are Updating Their Forecasts

As you might know, IDEX Corporation (NYSE:IEX) recently reported its yearly numbers. It was a credible result overall, with revenues of US$3.3b and statutory earnings per share of US$6.64 both in line with analyst estimates, showing that IDEX is executing in line with expectations. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on IDEX after the latest results.

See our latest analysis for IDEX

After the latest results, the twelve analysts covering IDEX are now predicting revenues of US$3.43b in 2025. If met, this would reflect a credible 5.0% improvement in revenue compared to the last 12 months. Statutory per share are forecast to be US$6.80, approximately in line with the last 12 months. In the lead-up to this report, the analysts had been modelling revenues of US$3.43b and earnings per share (EPS) of US$6.77 in 2025. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.

There were no changes to revenue or earnings estimates or the price target of US$231, suggesting that the company has met expectations in its recent result. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. The most optimistic IDEX analyst has a price target of US$264 per share, while the most pessimistic values it at US$200. The narrow spread of estimates could suggest that the business' future is relatively easy to value, or thatthe analysts have a strong view on its prospects.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the IDEX's past performance and to peers in the same industry. We would highlight that IDEX's revenue growth is expected to slow, with the forecast 5.0% annualised growth rate until the end of 2025 being well below the historical 7.7% p.a. growth over the last five years. Juxtapose this against the other companies in the industry with analyst coverage, which are forecast to grow their revenues (in aggregate) 3.4% per year. So it's pretty clear that, while IDEX's revenue growth is expected to slow, it's still expected to grow faster than the industry itself.

The Bottom Line

The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. Happily, there were no major changes to revenue forecasts, with the business still expected to grow faster than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.

Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. We have forecasts for IDEX going out to 2027, and you can see them free on our platform here.

You can also see whether IDEX is carrying too much debt, and whether its balance sheet is healthy, for free on our platform here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.