IDEX (IEX) Stock Forecast, Price Target & Predictions
IEX Stock Forecast
IDEX stock forecast is as follows: an average price target of $236.33 (represents a 18.30% upside from IEX’s last price of $199.78) and a rating consensus of 'Buy', based on 8 wall street analysts offering a 1-year stock forecast.
IEX Price Target
The average price target for IDEX (IEX) is $236.33 based on 1-year price targets from 8 Wall Street analysts in the past 3 months, with a price target range of $265.00 to $205.00. This represents a potential 18.30% upside from IEX's last price of $199.78.
IEX Analyst Ratings
According to 8 Wall Street analysts, IDEX's rating consensus is 'Buy'. The analyst rating breakdown for IEX stock is 0 'Strong Buy' (0.00%), 8 'Buy' (100.00%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
IDEX Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Aug 05, 2024 | Matt Summerville | D.A. Davidson | $210.00 | $194.12 | 8.18% | 5.12% |
| Aug 05, 2024 | Bryan Blair | Oppenheimer | $238.00 | $192.75 | 23.48% | 19.13% |
| Apr 25, 2024 | Michael Halloran | Robert W. Baird | $256.00 | $224.64 | 13.96% | 28.14% |
| Feb 08, 2024 | Nathan Jones | Stifel Nicolaus | $265.00 | $225.83 | 17.34% | 32.65% |
| Jul 18, 2022 | Nathan Jones | Stifel Nicolaus | $188.00 | $186.26 | 0.93% | -5.90% |
| May 09, 2022 | Deane Dray | RBC Capital | $238.00 | $188.06 | 26.56% | 19.13% |
| Apr 28, 2022 | - | Citigroup | $235.00 | $191.15 | 22.94% | 17.63% |
| Apr 28, 2022 | - | Mizuho Securities | $205.00 | $191.42 | 7.09% | 2.61% |
| Jan 10, 2022 | Brendan Luecke | Bernstein | $230.00 | $224.30 | 2.54% | 15.13% |
| Oct 28, 2021 | Matt Summerville | D.A. Davidson | $220.00 | $222.43 | -1.09% | 10.12% |
The latest IDEX stock forecast, released on Aug 05, 2024 by Matt Summerville from D.A. Davidson, set a price target of $210.00, which represents a 8.18% increase from the stock price at the time of the forecast ($194.12), and a 5.12% increase from IEX last price ($199.78).
IDEX Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 2 | 4 |
| Avg Price Target | - | $224.00 | $242.25 |
| Last Closing Price | $199.78 | $199.78 | $199.78 |
| Upside/Downside | -100.00% | 12.12% | 21.26% |
In the current month, the average price target of IDEX stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to IDEX's last price of $199.78. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Aug 07, 2024 | Cowen & Co. | Buy | Buy | Hold |
| Aug 05, 2024 | Oppenheimer | Outperform | Outperform | Hold |
| Apr 18, 2024 | Stifel Nicolaus | Buy | Buy | Hold |
| Apr 08, 2024 | Citigroup | Buy | Buy | Hold |
| Apr 04, 2024 | RBC Capital | Outperform | Outperform | Hold |
| Mar 21, 2024 | RBC Capital | Underperform | Underperform | Hold |
| Mar 21, 2024 | Stifel Nicolaus | Buy | Buy | Hold |
| Feb 08, 2024 | Deutsche Bank | - | Buy | Upgrade |
| Aug 24, 2023 | Argus Research | Buy | Buy | Hold |
| Jul 14, 2022 | Oppenheimer | Hold | Outperform | Upgrade |
IDEX's last stock rating was published by Cowen & Co. on Aug 07, 2024. The company gave IEX a "Buy" rating, the same as its previous rate.
IDEX Financial Forecast
IDEX Revenue Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | $788.90M | - | $846.20M | $845.40M | $810.70M | $824.00M | - | $751.10M | $714.80M | $712.02M | $685.95M | $652.04M | $614.82M | $581.11M | $561.25M | $594.46M | $606.00M | $624.25M | $642.10M | $622.23M | $614.09M | $622.89M |
| Avg Forecast | $860.48M | $827.18M | $849.49M | $838.58M | $824.11M | $789.26M | $828.15M | $807.52M | $767.98M | $792.54M | $851.73M | $820.17M | $773.14M | $780.43M | $765.99M | $716.82M | $708.51M | $698.72M | $689.59M | $635.16M | $601.59M | $565.15M | $532.29M | $597.55M | $614.33M | $640.74M | $655.92M | $634.22M | $595.34M | $578.72M |
| High Forecast | $872.28M | $838.52M | $861.14M | $850.08M | $835.41M | $794.63M | $839.51M | $818.59M | $774.00M | $810.00M | $863.41M | $831.42M | $783.75M | $791.13M | $765.99M | $732.32M | $723.83M | $713.82M | $704.50M | $648.89M | $614.60M | $577.36M | $543.79M | $610.46M | $627.61M | $654.59M | $670.09M | $647.93M | $714.41M | $694.47M |
| Low Forecast | $851.99M | $819.02M | $841.11M | $830.31M | $815.98M | $784.09M | $819.98M | $799.55M | $764.02M | $778.78M | $843.33M | $812.08M | $765.52M | $772.73M | $765.99M | $709.74M | $701.51M | $691.81M | $682.78M | $628.88M | $595.65M | $559.56M | $527.03M | $591.64M | $608.26M | $634.41M | $649.43M | $627.95M | $476.27M | $462.98M |
| # Analysts | 4 | 5 | 2 | 2 | 3 | 7 | 3 | 2 | 4 | 10 | 9 | 9 | 8 | 8 | 4 | 4 | 5 | 5 | 5 | 7 | 7 | 8 | 7 | 10 | 9 | 6 | 11 | 6 | 14 | 14 |
| Surprise % | - | - | - | - | - | - | - | - | 1.03% | - | 0.99% | 1.03% | 1.05% | 1.06% | - | 1.05% | 1.01% | 1.02% | 0.99% | 1.03% | 1.02% | 1.03% | 1.05% | 0.99% | 0.99% | 0.97% | 0.98% | 0.98% | 1.03% | 1.08% |
IDEX's average Quarter revenue forecast for Mar 24 based on 2 analysts is $807.52M, with a low forecast of $799.55M, and a high forecast of $818.59M. IEX's average Quarter revenue forecast represents a 2.36% increase compared to the company's last Quarter revenue of $788.90M (Dec 23).
IDEX EBITDA Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 5 | 2 | 2 | 3 | 7 | 3 | 2 | 4 | 10 | 9 | 9 | 8 | 8 | 4 | 4 | 5 | 5 | 5 | 7 | 7 | 8 | 7 | 10 | 9 | 6 | 11 | 6 | 14 | 14 |
| EBITDA | - | - | - | - | - | - | - | - | $160.50M | - | $200.10M | $229.80M | $177.30M | $250.20M | - | $218.00M | $192.94M | $187.55M | $165.55M | $177.97M | $162.18M | $153.27M | $124.76M | $158.37M | $152.65M | $160.07M | $174.82M | $166.58M | $158.18M | $162.81M |
| Avg Forecast | $232.51M | $223.51M | $229.54M | $226.59M | $222.68M | $213.26M | $223.77M | $229.90M | $207.51M | $214.15M | $230.14M | $209.00M | $208.91M | $202.44M | $206.98M | $190.00M | $196.60M | $184.04M | $166.57M | $166.69M | $153.45M | $127.72M | $112.28M | $154.72M | $154.91M | $153.49M | $173.65M | $158.07M | $153.19M | $150.38M |
| High Forecast | $235.70M | $226.58M | $232.69M | $229.70M | $225.73M | $214.72M | $226.84M | $275.88M | $209.14M | $218.87M | $233.30M | $250.80M | $211.77M | $242.93M | $206.98M | $228.00M | $235.92M | $220.84M | $199.88M | $200.03M | $184.14M | $153.27M | $134.74M | $185.66M | $185.89M | $184.19M | $208.38M | $189.68M | $183.83M | $180.45M |
| Low Forecast | $230.21M | $221.31M | $227.27M | $224.36M | $220.48M | $211.87M | $221.57M | $183.92M | $206.44M | $210.43M | $227.87M | $167.20M | $206.85M | $161.95M | $206.98M | $152.00M | $157.28M | $147.23M | $133.25M | $133.36M | $122.76M | $102.18M | $89.83M | $123.77M | $123.93M | $122.79M | $138.92M | $126.46M | $122.55M | $120.30M |
| Surprise % | - | - | - | - | - | - | - | - | 0.77% | - | 0.87% | 1.10% | 0.85% | 1.24% | - | 1.15% | 0.98% | 1.02% | 0.99% | 1.07% | 1.06% | 1.20% | 1.11% | 1.02% | 0.99% | 1.04% | 1.01% | 1.05% | 1.03% | 1.08% |
2 analysts predict IEX's average Quarter EBITDA for Mar 24 to be $229.90M, with a high of $275.88M and a low of $183.92M. This is 43.24% upper than IDEX's previous annual EBITDA (Dec 23) of $160.50M.
IDEX Net Income Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 5 | 2 | 2 | 3 | 7 | 3 | 2 | 4 | 10 | 9 | 9 | 8 | 8 | 4 | 4 | 5 | 5 | 5 | 7 | 7 | 8 | 7 | 10 | 9 | 6 | 11 | 6 | 14 | 14 |
| Net Income | - | - | - | - | - | - | - | - | $108.60M | - | $138.60M | $139.80M | $130.00M | $178.70M | - | $140.00M | $118.70M | $115.74M | $102.19M | $112.71M | $101.07M | $103.85M | $70.86M | $102.00M | $96.85M | $105.19M | $113.21M | $110.27M | $98.14M | $106.35M |
| Avg Forecast | $166.50M | $162.50M | $166.80M | $156.32M | $152.85M | $143.52M | $154.99M | $147.98M | $134.88M | $143.06M | $160.95M | $134.53M | $149.70M | $124.93M | $143.58M | $122.30M | $121.06M | $113.57M | $102.83M | $105.56M | $95.63M | $86.54M | $63.78M | $99.64M | $98.28M | $100.87M | $112.45M | $104.63M | $95.05M | $98.23M |
| High Forecast | $169.46M | $165.40M | $169.77M | $159.11M | $155.57M | $147.32M | $157.75M | $177.58M | $137.91M | $146.84M | $163.82M | $161.43M | $152.37M | $149.91M | $143.58M | $146.76M | $145.27M | $136.29M | $123.39M | $126.68M | $114.75M | $103.85M | $76.53M | $119.57M | $117.94M | $121.05M | $134.94M | $125.56M | $114.06M | $117.88M |
| Low Forecast | $164.36M | $160.42M | $164.66M | $154.31M | $150.89M | $141.24M | $153.00M | $118.39M | $133.36M | $141.54M | $158.88M | $107.62M | $147.78M | $99.94M | $143.58M | $97.84M | $96.84M | $90.86M | $82.26M | $84.45M | $76.50M | $69.23M | $51.02M | $79.72M | $78.63M | $80.70M | $89.96M | $83.71M | $76.04M | $78.59M |
| Surprise % | - | - | - | - | - | - | - | - | 0.81% | - | 0.86% | 1.04% | 0.87% | 1.43% | - | 1.14% | 0.98% | 1.02% | 0.99% | 1.07% | 1.06% | 1.20% | 1.11% | 1.02% | 0.99% | 1.04% | 1.01% | 1.05% | 1.03% | 1.08% |
IDEX's average Quarter net income forecast for Mar 24 is $147.98M, with a range of $118.39M to $177.58M. IEX's average Quarter net income forecast represents a 36.26% increase compared to the company's last Quarter net income of $108.60M (Dec 23).
IDEX SG&A Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 5 | 2 | 2 | 3 | 7 | 3 | 2 | 4 | 10 | 9 | 9 | 8 | 8 | 4 | 4 | 5 | 5 | 5 | 7 | 7 | 8 | 7 | 10 | 9 | 6 | 11 | 6 | 14 | 14 |
| SG&A | - | - | - | - | - | - | - | - | $173.60M | - | $174.30M | $189.70M | $169.00M | $161.90M | - | $154.30M | $151.50M | $147.18M | $144.68M | $134.85M | $125.19M | $117.37M | $120.36M | $132.01M | $125.75M | $128.26M | $134.93M | $136.05M | $130.37M | $130.48M |
| Avg Forecast | $180.71M | $173.72M | $178.40M | $176.11M | $173.07M | $165.75M | $173.92M | $163.10M | $161.28M | $166.44M | $178.87M | $148.27M | $162.37M | $158.86M | $160.87M | $134.79M | $154.38M | $144.42M | $145.57M | $126.30M | $118.44M | $97.81M | $108.33M | $128.97M | $127.61M | $122.99M | $134.02M | $129.10M | $126.26M | $120.52M |
| High Forecast | $183.19M | $176.10M | $180.85M | $178.53M | $175.45M | $166.88M | $176.31M | $195.72M | $162.55M | $170.11M | $181.33M | $177.92M | $164.60M | $190.63M | $160.87M | $161.75M | $185.25M | $173.30M | $174.69M | $151.56M | $142.13M | $117.37M | $129.99M | $154.76M | $153.14M | $147.58M | $160.83M | $154.92M | $151.52M | $144.62M |
| Low Forecast | $178.93M | $172.00M | $176.64M | $174.37M | $171.36M | $164.67M | $172.21M | $130.48M | $160.45M | $163.55M | $177.11M | $118.62M | $160.77M | $127.09M | $160.87M | $107.83M | $123.50M | $115.54M | $116.46M | $101.04M | $94.76M | $78.25M | $86.66M | $103.17M | $102.09M | $98.39M | $107.22M | $103.28M | $101.01M | $96.42M |
| Surprise % | - | - | - | - | - | - | - | - | 1.08% | - | 0.97% | 1.28% | 1.04% | 1.02% | - | 1.14% | 0.98% | 1.02% | 0.99% | 1.07% | 1.06% | 1.20% | 1.11% | 1.02% | 0.99% | 1.04% | 1.01% | 1.05% | 1.03% | 1.08% |
IDEX's average Quarter SG&A projection for Mar 24 is $163.10M, based on 2 Wall Street analysts, with a range of $130.48M to $195.72M. The forecast indicates a -6.05% fall compared to IEX last annual SG&A of $173.60M (Dec 23).
IDEX EPS Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 5 | 2 | 2 | 3 | 7 | 3 | 2 | 4 | 10 | 9 | 9 | 8 | 8 | 4 | 4 | 5 | 5 | 5 | 7 | 7 | 8 | 7 | 10 | 9 | 6 | 11 | 6 | 14 | 14 |
| EPS | - | - | - | - | - | - | - | - | $1.44 | - | $1.83 | $1.85 | $1.72 | $2.37 | - | $1.84 | $1.56 | $1.52 | $1.34 | $1.48 | $1.33 | $1.38 | $0.94 | $1.35 | $1.28 | $1.39 | $1.50 | $1.46 | $1.29 | $1.39 |
| Avg Forecast | $2.19 | $2.14 | $2.20 | $2.06 | $2.01 | $1.89 | $2.04 | $1.76 | $1.78 | $1.88 | $2.12 | $2.02 | $1.97 | $2.00 | $1.89 | $1.74 | $1.59 | $1.59 | $1.62 | $1.41 | $1.31 | $1.20 | $0.97 | $1.30 | $1.35 | $1.46 | $1.49 | $1.37 | $1.23 | $1.21 |
| High Forecast | $2.23 | $2.18 | $2.24 | $2.10 | $2.05 | $1.94 | $2.08 | $1.79 | $1.82 | $1.93 | $2.16 | $2.06 | $2.01 | $2.04 | $1.89 | $1.79 | $1.64 | $1.64 | $1.66 | $1.45 | $1.35 | $1.23 | $1.00 | $1.33 | $1.39 | $1.50 | $1.53 | $1.41 | $1.48 | $1.45 |
| Low Forecast | $2.17 | $2.11 | $2.17 | $2.03 | $1.99 | $1.86 | $2.02 | $1.73 | $1.76 | $1.86 | $2.09 | $2.00 | $1.95 | $1.98 | $1.89 | $1.72 | $1.57 | $1.57 | $1.59 | $1.40 | $1.29 | $1.19 | $0.96 | $1.28 | $1.33 | $1.44 | $1.47 | $1.35 | $0.98 | $0.97 |
| Surprise % | - | - | - | - | - | - | - | - | 0.81% | - | 0.86% | 0.91% | 0.87% | 1.18% | - | 1.06% | 0.98% | 0.95% | 0.83% | 1.05% | 1.01% | 1.15% | 0.97% | 1.04% | 0.95% | 0.95% | 1.01% | 1.07% | 1.05% | 1.15% |
According to 2 Wall Street analysts, IDEX's projected average Quarter EPS for Mar 24 is $1.76, with a low estimate of $1.73 and a high estimate of $1.79. This represents a 22.02% increase compared to IEX previous annual EPS of $1.44 (Dec 23).
IDEX Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| IEX | IDEX | $199.78 | $236.33 | 18.30% | Buy |
| FELE | Franklin Electric | $97.16 | $103.00 | 6.01% | Buy |
| FLS | Flowserve | $46.65 | $48.00 | 2.89% | Buy |
| DCI | Donaldson Company | $70.71 | $68.25 | -3.48% | Hold |
| WTS | Watts Water | $194.51 | $186.00 | -4.38% | Buy |
| DOV | Dover | $185.06 | $175.22 | -5.32% | Hold |
| CR | Crane NXT | $152.92 | $142.50 | -6.81% | Buy |
| ITT | ITT | $135.35 | $124.50 | -8.02% | Buy |
| IR | Ingersoll Rand | $91.03 | $70.33 | -22.74% | Buy |
| EPAC | Enerpac Tool Group | $41.21 | $23.00 | -44.19% | Hold |
IEX Forecast FAQ
Is IDEX a good buy?
Yes, according to 8 Wall Street analysts, IDEX (IEX) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 8 'Buy' recommendations, accounting for 100.00% of IEX's total ratings.
What is IEX's price target?
IDEX (IEX) average price target is $236.33 with a range of $205 to $265, implying a 18.30% from its last price of $199.78. The data is based on 8 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will IDEX stock go up soon?
According to Wall Street analysts' prediction for IEX stock, the company can go up by 18.30% (from the last price of $199.78 to the average price target of $236.33), up by 32.65% based on the highest stock price target, and up by 2.61% based on the lowest stock price target.
Can IDEX stock reach $300?
IEX's average twelve months analyst stock price target of $236.33 does not support the claim that IDEX can reach $300 in the near future.
What are IDEX's analysts' financial forecasts?
IDEX's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $3.25B (high $3.29B, low $3.22B), average EBITDA is $889.62M (high $943.17M, low $837.84M), average net income is $599.34M (high $638.22M, low $563.52M), average SG&A $675.84M (high $714.35M, low $638.72M), and average EPS is $7.7 (high $7.86, low $7.6). IEX's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $3.38B (high $3.42B, low $3.34B), average EBITDA is $912.15M (high $924.66M, low $903.15M), average net income is $652.11M (high $663.74M, low $643.75M), average SG&A $708.94M (high $718.66M, low $701.95M), and average EPS is $8.59 (high $8.74, low $8.48).
Did the IEX's actual financial results beat the analysts' financial forecasts?
Based on IDEX's last annual report (Dec 2023), the company's revenue was $3.27B, beating the average analysts forecast of $3.23B by 1.28%. Apple's EBITDA was $732.5M, missing the average prediction of $860.81M by -14.91%. The company's net income was $596.1M, beating the average estimation of $573.41M by 3.96%. Apple's SG&A was $703.5M, beating the average forecast of $654.87M by 7.43%. Lastly, the company's EPS was $7.88, beating the average prediction of $7.81 by 0.95%. In terms of the last quarterly report (Dec 2023), IDEX's revenue was $788.9M, beating the average analysts' forecast of $767.98M by 2.72%. The company's EBITDA was $160.5M, missing the average prediction of $207.51M by -22.66%. IDEX's net income was $108.6M, missing the average estimation of $134.88M by -19.48%. The company's SG&A was $173.6M, beating the average forecast of $161.28M by 7.64%. Lastly, the company's EPS was $1.44, missing the average prediction of $1.78 by -18.97%