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What's in the Cards for Ideanomics (IDEX) in Q2 Earnings?

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Ideanomics, Inc. (IDEX - Free Report) is scheduled to release second-quarter 2021 results on Aug 16, after market close.

Let’s check out the expectations in detail.

Q2 Expectations

The Zacks Consensus Estimate for Ideanomics’ second-quarter 2021 revenues is pegged at $31 million, indicating year-over-year growth of more than 100%. The top line is likely to have benefited from strength across Ideanomics' business. Strategic acquisitions have been acting as another tailwind.

The Zacks Consensus Estimate for the bottom line is projected at a loss of a penny. The company incurred a loss of 15 cents in the year-ago quarter.

What Our Model Says

Our proven model does not conclusively predict an earnings beat for Ideanomics this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.

Ideanomics has an Earnings ESP of 0.00% and a Zacks Rank #3.

IDEANOMICS INC Price and EPS Surprise

IDEANOMICS INC Price and EPS Surprise

IDEANOMICS INC price-eps-surprise | IDEANOMICS INC Quote

Stocks to Consider

Here are a few stocks from the broader Zacks Business Services sector that investors may consider, as our model shows that these have the right combination of elements to beat on second-quarter 2021 earnings.

Envestnet (ENV - Free Report) has an Earnings ESP of +0.7% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.

ABM Industries (ABM - Free Report) has an Earnings ESP of +6.04% and a Zacks Rank #3.

Clean Harbors (CLH - Free Report) has an Earnings ESP of +0.22% and a Zacks Rank #3.