Advertisement
U.S. markets closed
  • S&P Futures

    5,304.25
    -4.00 (-0.08%)
     
  • Dow Futures

    40,140.00
    -36.00 (-0.09%)
     
  • Nasdaq Futures

    18,465.00
    -38.75 (-0.21%)
     
  • Russell 2000 Futures

    2,145.20
    +6.80 (+0.32%)
     
  • Crude Oil

    83.11
    -0.06 (-0.07%)
     
  • Gold

    2,254.80
    +16.40 (+0.73%)
     
  • Silver

    25.10
    +0.18 (+0.74%)
     
  • EUR/USD

    1.0786
    -0.0007 (-0.06%)
     
  • 10-Yr Bond

    4.2060
    +0.0100 (+0.24%)
     
  • Vix

    13.01
    +0.23 (+1.80%)
     
  • dólar/libra

    1.2627
    +0.0005 (+0.04%)
     
  • USD/JPY

    151.3720
    0.0000 (0.00%)
     
  • Bitcoin USD

    70,896.50
    +1,377.42 (+1.98%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • FTSE 100

    7,952.62
    +20.64 (+0.26%)
     
  • Nikkei 225

    40,372.94
    +204.87 (+0.51%)
     

Earnings Preview for IDEXX Laboratories

On Tuesday, February 02, IDEXX Laboratories (NASDAQ:IDXX) will release its latest earnings report. Here is Benzinga's outlook for the company.

What Are Earnings, Net Income, And Earnings Per Share?

Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.

Earnings And Revenue

Analysts expect IDEXX Laboratories earnings of $1.4 per share. Revenue will likely be around $681.02 million, according to the consensus estimate. In the same quarter last year, IDEXX Laboratories posted EPS of $1.04 on sales of $605.45 million.

Why Analyst Estimates And Earnings Surprises Are Important

Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.

View more earnings on IDXX

If the company were to report earnings in line when it publishes results Tuesday, earnings would be up 34.62%. Revenue would be up 12.48% from the year-ago period. Here is how the company's reported EPS has compared to analyst estimates in the past:

EPS Estimate

1.42

1.16

1.20

0.90

EPS Actual

1.69

1.72

1.29

1.04

Revenue Estimate

669.45 M

589.98 M

617.41 M

600.56 M

Revenue Actual

721.79 M

637.59 M

626.34 M

605.45 M

Stock Performance

Shares of IDEXX Laboratories were trading at $478.68 as of January 29. Over the last 52-week period, shares are up 72.86%. Given that these returns are generally positive, long-term shareholders can be satisfied going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. IDEXX Laboratories is scheduled to hold the call at 08:30:00 ET and can be accessed here.

See more from Benzinga

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Advertisement