Ingersoll Rand Inc reports results for the quarter ended in September 30 - Earnings Summary

Ingersoll Rand

01/11/2024 03:06

* Ingersoll Rand Inc  IR.N  reported quarterly adjusted
earnings
of 84 cents​​ per share for the quarter ended September 30,
higher than the same quarter last year, when the company
reported EPS of 77 cents.  The mean expectation of
fourteen analysts for the quarter was for earnings of 81 cents
per share. Wall Street expected results to range from 79 cents
to 84 cents per share.
    * Revenue rose 7% to $1.86 billion from a year ago; analysts
expected $1.87 billion. 
    * Ingersoll Rand Inc's reported EPS for the quarter was 54
cents​.
    * The company reported quarterly net income of $221.6
million.
    * Ingersoll Rand Inc shares had fallen by 0.9% this
quarter and
gained 25.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.8%
in the last three months.​ 
    * In the last 30 days, seven 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," 7
"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 $109.00 
This summary was machine generated from LSEG data November 1 at
03:06 a.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
 Sep. 30 2024      0.81           0.84           Beat
 Jun. 30 2024      0.78           0.83           Beat
 Mar. 31 2024      0.69           0.78           Beat
 Dec. 31 2023      0.77           0.86           Beat