Ingersoll Rand Inc expected to post earnings of 77 cents a share - Earnings Preview

Ingersoll Rand

13/02/2024 21:05

* Ingersoll Rand Inc  IR.N   IR  is expected to show a rise
in
quarterly revenue when it reports  results on February 15 for
the period ending December 31 2023
    * The Davidson North Carolina-based  company is expected to
report
a 9.6% increase in revenue to $1.779 billion from $1.62 billion
a year ago, according to the mean estimate from 12 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Ingersoll Rand Inc is
for
earnings of 77 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 3
"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 $85.00​, below​ its last closing price of $85.47. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.69        0.69       0.77      Beat    12
 Jun. 30 2023  0.60        0.60       0.68      Beat    13.6
 Mar. 31 2023  0.53        0.52       0.65      Beat    24.2​
 Dec. 31 2022  0.63        0.63       0.72      Beat    15.1
 ​​Sep.        0.59        0.59       0.62      Beat    5.3
 30 2022                                                
 Jun. 30 2022  0.52        0.52       0.54      Beat    3.6​
 Mar. 31 2022  0.45        0.45       0.49      Beat    8.9
 Dec. 31 2021  0.59        0.60       0.68      Beat    14.2
 This summary was machine generated February 13 at 21:05 GMT. 
All figures in US dollars unless otherwise stated. (For
questions concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)