Report
Debbie Wang
EUR 147.86 For Business Accounts Only

Idexx Proves It's the Cat's Meow With Another Strong Quarter

We’re holding steady on our fair value estimate after Idexx Labs’ strong third-quarter performance that closely matched our expectations. The firm demonstrated ongoing strength, with 10% organic revenue growth year over year bolstered by double-digit growth from the companion-animal segment. Management’s preliminary outlook for 2017 falls within our projections, and we anticipate 8.3% and 18% growth in total revenue and EPS, respectively, for next year. We think Idexx can continue to outpace mar...
Underlying
IDEXX Laboratories Inc.

IDEXX Laboratories develops, manufactures, and distributes products and provides services primarily for the companion animal veterinary, livestock and poultry, dairy and water testing markets. The company operates primarily through three business segments: Companion Animal Group, which provides diagnostic and information management-based products and services for the veterinary market; Water Quality Products, which designs, develops, manufactures, and distributes products used in the detection of various microbiological parameters in water; and Livestock, Poultry and Dairy, which provides diagnostic products and services for livestock and poultry health.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Debbie Wang

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