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

Ingersoll Rand

02/05/2024 23:44

* Ingersoll Rand Inc  IR.N  reported quarterly adjusted
earnings
of 78 cents​​ per share for the quarter ended in March, higher
than the same quarter last year, when the company reported EPS
of 65 cents.  The mean expectation of twelve analysts for the
quarter was for earnings of 69 cents per share. Wall Street
expected results to range from 67 cents to 70 cents per share.
    * Revenue rose 2.5% to $1.67 billion from a year ago;
analysts
expected $1.70 billion. 
    * Ingersoll Rand Inc's reported EPS for the quarter was 50
cents​.
    * The company reported quarterly net income of $202.2
million.
    * Ingersoll Rand Inc shares had fallen by 2.1% this
quarter and
gained 20.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.6%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 5
"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 $101.00 
This summary was machine generated from LSEG data May 2 at 10:44
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
 Mar. 31 2024      0.69           0.78           Beat
 Dec. 31 2023      0.77           0.86           Beat
 Sep. 30 2023      0.69           0.77           Beat
 Jun. 30 2023      0.60           0.68           Beat