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Idexx (IDXX) Reports Q2 Earnings: What Key Metrics Have to Say

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Idexx Laboratories (IDXX - Free Report) reported $1.22 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 9.7%. EPS of $4.27 for the same period compares to $3.63 a year ago.

The reported revenue represents a surprise of +1.28% over the Zacks Consensus Estimate of $1.2 billion. With the consensus EPS estimate being $3.95, the EPS surprise was +8.1%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Idexx performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Percent of Revenue- Gross Profit - CAG: 64% versus the two-analyst average estimate of 63.2%.
  • Percent of Revenue- Gross Profit - LPD: 53% versus 48% estimated by two analysts on average.
  • Percent of Revenue- Gross Profit - Water: 74.4% versus the two-analyst average estimate of 69.5%.
  • Revenue- Companion Animal Group (CAG)- United States: $734.89 million versus $735.21 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +7.4% change.
  • Revenue- Companion Animal Group (CAG)- International: $383.34 million versus $377.49 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +13.4% change.
  • Revenue- LPD- International: $28.57 million versus $27.47 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +9.9% change.
  • Revenue- Water- International: $28.94 million versus the two-analyst average estimate of $27.06 million. The reported number represents a year-over-year change of +16.2%.
  • Revenue- Companion Animal Group (CAG): $1.12 billion compared to the $1.11 billion average estimate based on four analysts. The reported number represents a change of +9.4% year over year.
  • Revenue- Other: $4.6 million versus $4.26 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +8.3% change.
  • Revenue- Livestock and poultry diagnostics (LPD): $35.18 million compared to the $33.57 million average estimate based on four analysts. The reported number represents a change of +10.8% year over year.
  • Revenue- Water: $58.56 million compared to the $54.33 million average estimate based on four analysts. The reported number represents a change of +14.8% year over year.
  • Revenue- CAG Diagnostics capital- instruments: $47.17 million versus $48.64 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -19.5% change.

View all Key Company Metrics for Idexx here>>>

Shares of Idexx have returned +0.5% over the past month versus the Zacks S&P 500 composite's +1.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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