Ingersoll Rand Inc expected to post earnings of 60  cents a share - Earnings Preview

Ingersoll Rand

31/07/2023 22:48

* Ingersoll Rand Inc  IR.N   IR  is expected to show a rise
in
quarterly revenue when it reports  results on August 2. 
    * The Davidson North Carolina-based  company is expected to
report
 a 9.8% increase in revenue to $1.58 billion from $1.44 billion
a year ago, according to the mean estimate from 10 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Ingersoll Rand Inc
is for
earnings of 60 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Ingersoll
Rand
Inc is $70​, above​ its last closing price of $65.27. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  0.53        0.52       0.65      Beat    24.2
 Dec. 31 2023  0.63        0.63       0.72      Beat    15.1
 Sep. 30 2022  0.59        0.59       0.62      Beat    5.3​
 Jun. 30 2022  0.52        0.52       0.54      Beat    3.6
 ​​Mar.        0.45        0.45       0.49      Beat    8.9
 31 2022                                                
 Dec. 31 2021  0.59        0.60       0.68      Beat    14.2​
 Sep. 30 2021  0.47        0.47       0.57      Beat    21.7
 Jun. 30 2021  0.43        0.42       0.46      Beat    8.6
 This summary was machine generated July 31 at 21:48 GMT.  All
figures in US dollars  unless otherwise stated