Latest news with #IDEX
Yahoo
6 days ago
- Business
- Yahoo
Why IDEX (IEX) Stock Is Up Today
What Happened? Shares of manufacturing company IDEX (NYSE:IEX) jumped 3.6% in the afternoon session after the industrials sector rallied on renewed optimism for a potential Federal Reserve interest rate cut and an agreement to extend the U.S.-China tariff truce. The positive sentiment stems from a recent tame inflation report, which boosts the likelihood of lower borrowing costs—a key stimulant for economic activity that benefits cyclical sectors like industrial products. This optimism was amplified by an agreement to extend the U.S.-China tariff truce, alleviating concerns about trade disruptions. This is particularly relevant for IDEX, as its management had previously cited 'unpredictable trade policy changes and tariff announcements' as a source of volatility in customer orders. The macro tailwinds are further supported by a 'Moderate Buy' consensus rating from analysts and disclosures from the first quarter showing increased investment from firms like Deutsche Bank AG and Mitsubishi UFJ Asset Management. The shares closed the day at $163.26, up 3.6% from previous close. Is now the time to buy IDEX? Access our full analysis report here, it's free. What Is The Market Telling Us IDEX's shares are not very volatile and have only had 5 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business. The previous big move we wrote about was 13 days ago when the stock dropped 8.1% on the news that after the company slashed its full-year profit forecast, overshadowing second-quarter results that beat expectations. Although the company's second-quarter adjusted earnings and revenue surpassed Wall Street expectations, investors focused on the bleaker outlook. The company attributed the revised forecast to a challenging operating environment and slowing demand for its industrial equipment as customers grew more cautious with larger orders amid economic uncertainty. IDEX slashed its full-year adjusted earnings per share guidance to a range of $7.85 to $7.95, which was notably below the analyst consensus of $8.20. The third-quarter forecast also fell short of expectations, signaling a tougher second half of the year for the company. IDEX is down 20.7% since the beginning of the year, and at $163.32 per share, it is trading 30.8% below its 52-week high of $236.06 from November 2024. Investors who bought $1,000 worth of IDEX's shares 5 years ago would now be looking at an investment worth $922.82. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link.
Yahoo
02-08-2025
- Business
- Yahoo
IDEX Corporation Just Beat EPS By 5.8%: Here's What Analysts Think Will Happen Next
It's been a mediocre week for IDEX Corporation (NYSE:IEX) shareholders, with the stock dropping 14% to US$159 in the week since its latest second-quarter results. The result was positive overall - although revenues of US$865m were in line with what the analysts predicted, IDEX surprised by delivering a statutory profit of US$1.74 per share, modestly greater than expected. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. Taking into account the latest results, the current consensus from IDEX's twelve analysts is for revenues of US$3.43b in 2025. This would reflect an okay 2.8% increase on its revenue over the past 12 months. Statutory per share are forecast to be US$6.25, approximately in line with the last 12 months. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$3.44b and earnings per share (EPS) of US$6.70 in 2025. So it looks like there's been a small decline in overall sentiment after the recent results - there's been no major change to revenue estimates, but the analysts did make a minor downgrade to their earnings per share forecasts. Check out our latest analysis for IDEX The consensus price target held steady at US$201, with the analysts seemingly voting that their lower forecast earnings are not expected to lead to a lower stock price in the foreseeable future. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. Currently, the most bullish analyst values IDEX at US$225 per share, while the most bearish prices it at US$170. With such a narrow range of valuations, the analysts apparently share similar views on what they think the business is worth. Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. It's pretty clear that there is an expectation that IDEX's revenue growth will slow down substantially, with revenues to the end of 2025 expected to display 5.7% growth on an annualised basis. This is compared to a historical growth rate of 7.3% over the past five years. Juxtapose this against the other companies in the industry with analyst coverage, which are forecast to grow their revenues (in aggregate) 4.3% 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 biggest concern is that the analysts reduced their earnings per share estimates, suggesting business headwinds could lay ahead for IDEX. Happily, there were no major changes to revenue forecasts, with the business still expected to grow faster than the wider industry. The consensus price target held steady at US$201, with the latest estimates not enough to have an impact on their price targets. Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. We have forecasts for IDEX going out to 2027, and you can see them free on our platform here. It might also be worth considering whether IDEX's debt load is appropriate, using our debt analysis tools on the Simply Wall St platform, here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) 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. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
30-07-2025
- Business
- Yahoo
S&P 500 Gains and Losses Today: Generac Stock Surges; IDEX Shares Drop
Key Takeaways The S&P 500 fell 0.1% on Wednesday, July 30, 2025, as the Fed held interest rates steady and policymakers expressed concerns about possible tariff impacts. Improving gross margins helped drive a strong quarter for Generac Holdings, and shares of the backup power generator manufacturer surged. IDEX shares sank after the industrial products manufacturer issued a lackluster outlook for the current quarter and full year, citing soft demand amid macroeconomic U.S. equity indexes were mixed on Wednesday as the Federal Open Market Committee left interest rates unchanged and the White House released more trade updates, including the announcement of a 50% tariff on imported copper. The S&P 500 slipped 0.1% in the mid-week session, and the Dow Jones Industrial Average fell 0.4%. The tech-heavy Nasdaq Composite eked out a 0.2% gain. Generac Holdings (GNRC), a manufacturer of backup power generators, surpassed analysts' forecasts with its second-quarter results. Sales increased year-over-year in Generac's residential segment, as well as its commercial and industrial business. Gross margin also improved from a year ago, which the company attributed to strong pricing and reduced input costs. Shares of Generac powered 19.6% higher, notching the S&P 500's top performance on Wednesday. Teradyne (TER) shares skyrocketed 18.9% after the provider of automatic test equipment beat quarterly sales and profit estimates. Better-than-expected revenue from Teradyne's semiconductor test group contributed to the solid performance, and the company's CEO highlighted system-on-a-chip for artificial intelligence applications as a key growth driver. Humana (HUM) shares jumped 12.4% after the health insurer topped sales and profit expectations for the second quarter and raised its full-year outlook. Humana issued stronger-than-expected forecasts for its Medicare Advantage business and CenterWell, which provides primary care and in-home health services to seniors. Elevated health care costs have forced Humana and its health insurance industry peers to cut or withdraw guidance over the past two years. IDEX (IEX) shares tumbled 11.3%, the most of any S&P 500 stock, following the industrial equipment manufacturer's quarterly earnings report. Although the provider of pumps, valves, and other apparatuses topped sales and profit estimates, its outlook for the current quarter and the full year came in below analysts' forecasts. The company cited soft demand as customers exercise caution in the uncertain macroeconomic environment. Old Dominion Freight Line (ODFL) missed second-quarter revenue and earnings forecasts, and shares of the trucking company plunged 9.7%. The company said softness in the domestic economy and an extended period of weakness in freight markets weighed on its performance. President Trump declared that the U.S. will impose a 50% tariff on copper products, but not the metal in its raw form. Copper futures, which soared earlier this month when Trump said he would impose the tariffs, tumbled in the wake of the announcement, as did shares of major copper producer Freeport-McMoRan (FCX), which ended Wednesday's session 9.5% lower. Read the original article on Investopedia Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
30-07-2025
- Business
- Yahoo
IDEX Corp slashes 2025 profit forecast on slow demand for industrial equipment
(Reuters) -IDEX Corp on Thursday trimmed its forecast for annual profit, anticipating slowing demand for industrial equipment due to growing economic uncertainty. U.S. President Donald Trump's sweeping import tariffs have sparked fears of an economic recession in the country, prompting businesses to reconsider their spending on products such as industrial equipment. "Order trends in our rapid-turn businesses downshifted slightly exiting the second quarter... (and) in this uncertain macro-environment, several customers are taking a more cautious stance on larger orders," said CEO Eric Ashleman. In June, the Institute for Supply Management's manufacturing PMI came in at 49, marking the fourth consecutive month of contraction in the sector. A reading below 50 signals shrinking activity, while one above 50 indicates growth. IDEX, whose end-markets include industrials, energy, automotives and chemicals, expects its 2025 adjusted profit to be between $7.85 and $7.95 per share, compared with a prior view of between $8.10 and $8.45. The company's quarterly earnings stood at $2.07 per share, compared to an estimated profit of $1.99, according to data compiled by LSEG. Its total revenue rose 7.2% to $865.4 million for the quarter ended June from a year earlier. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
21-07-2025
- Business
- Yahoo
IDEX Biometrics ASA – Business Update
IDEX is executing well on the strategy announced in March 2025 and outlined in the Company's presentation held on 21 May 2025- The Company's strategy is to become the world's leading biometric ID company, with a world class product portfolio in both ID & Access and Pay. IDEX has set out clear priorities, a disciplined capital allocation, and a sharp focus on building long-term value. IDEX has delivered multiple test cards as part of signing letters of intent with customers and partners; the purpose of which being to enter into distribution and purchase agreements subject to successful trials of these test cards. Testing is currently taking place. The Company believes that these sample cards will demonstrate the advantages that IDEX technology has over competitors in the field. The feedback to date is positive and IDEX expects to have further news shortly. Meanwhile, IDEX remains focused on cutting costs and accelerate time to market with its new product portfolio, both within ID & Access and Pay. Further software supporting security is underway and a further improved product line is expected to launch in Q3 2025. Having experienced a disappointing and prolonged time to market within Pay, IDEX is pleased to announce that momentum appears to have picked up somewhat: On 5 July 2025, IDEX launched together with Mastercard and EBL the world´s first biometric metal card in Bangladesh. The business activity post launch has been very positive, and IDEX expects further launches to happen in H2 2025. In July 2025, the Company executed a share issue towards employees and board members, further strengthening the commitment to IDEX success. IDEX Biometrics' reports and presentations are available on our website: For further information, please contact: Anders Storbråten, CEO and CFO, Tel: +47 416 38 582 E-mail: ir@ About IDEX Biometrics: IDEX Biometrics ASA (OSE: IDEX) is a global technology leader in fingerprint biometrics, offering authentication solutions across payments, access control, and digital identity. Our solutions bring convenience, security, peace of mind and seamless user experiences to the world. Built on patented and proprietary sensor technologies, integrated circuit designs, and software, our biometric solutions target card-based applications for payments and digital authentication. As an industry-enabler we partner with leading card manufacturers and technology companies to bring our solutions to market. For more information, visit About this notice: This notice was issued by Kjell-Arne Besseberg, COO, on 21 July 2025 at 07:30 CET on behalf of IDEX Biometrics ASA. This information is subject to the disclosure requirements pursuant to the Norwegian Securities Trading Act section 5-12.
