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

Ingersoll Rand

03/08/2023 04:16

* Ingersoll Rand Inc  IR.N  reported quarterly adjusted
earnings
of 68 cents​​ per share for the quarter ended in June. The mean
expectation of thirteen analysts for the quarter was
for earnings of 60 cents per share.
    * Revenue rose 17.1% to $1.69 billion from a year ago;
analysts
expected $1.58 billion. 
    * Ingersoll Rand Inc's reported EPS for the quarter was 44
cents​.
    * The mean earnings estimate of analysts had fallen by
about 1.6%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Ingersoll Rand Inc shares had risen by 1.0% this
quarter and
gained 26.3% so far this year.
    * The company reported quarterly net income of $179.5
million.
    * Wall Street's median 12-month price target for Ingersoll
Rand
Inc is $70.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 3 at 03:16 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.60           0.68           Beat
 Mar. 31 2023      0.52           0.65           Beat
 Dec. 31 2022      0.63           0.72           Beat
 Sep. 30 2022      0.59           0.62           Beat