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

Ingersoll Rand

01/08/2024 24:11

* Ingersoll Rand Inc  IR.N  reported quarterly adjusted
earnings
of 83 cents​​ per share for the quarter ended in June, higher
than the same quarter last year, when the company reported EPS
of 68 cents.  The mean expectation of thirteen analysts for the
quarter was for earnings of 78 cents per share. Wall Street
expected results to range from 76 cents to 80 cents per share.
    * Revenue rose 7% to $1.81 billion from a year ago; analysts
expected $1.80 billion. 
    * Ingersoll Rand Inc's reported EPS for the quarter was 45
cents​.
    * The company reported quarterly net income of $185 million.
    * Ingersoll Rand Inc shares had risen by 8.8% this
quarter and
gained 27.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3.1%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 6
"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 $102.00 
This summary was machine generated from LSEG data July 31 at
11:11 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
 Jun. 30 2024      0.78           0.83           Beat
 Mar. 31 2024                     0.78           
 Dec. 31 2023      0.77           0.86           Beat
 Sep. 30 2023      0.69           0.77           Beat