Ingersoll Rand Inc reports results for the quarter ended in December - Earnings Summary

Ingersoll Rand

15/02/2024 22:40

* Ingersoll Rand Inc  IR.N  reported quarterly adjusted
earnings
of 86 cents​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of 72 cents.  The mean expectation of
fourteen analysts for the quarter was for earnings of 77 cents
per share. Wall Street expected results to range from 74 cents
to 79 cents per share.
    * Revenue rose 12.2% to $1.82 billion from a year ago;
analysts
expected $1.78 billion. 
    * Ingersoll Rand Inc's reported EPS for the quarter was 56
cents​.
    * The company reported quarterly net income of $229.8
million.
    * Ingersoll Rand Inc shares had risen by 11.8% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.5%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * 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 average consensus recommendation for the industrial
machinery & equipment peer group is also "buy"

Wall Street's median 12-month price target for Ingersoll Rand
Inc is $85.00 
This summary was machine generated from LSEG data February 15 at
10:39 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.77           0.86           Beat
 Sep. 30 2023      0.69           0.77           Beat
 Jun. 30 2023      0.60           0.68           Beat
 Mar. 31 2023      0.52           0.65           Beat