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

Ingersoll Rand

02/11/2023 13:59

* Ingersoll Rand Inc  IR.N  reported quarterly adjusted
earnings
of 77 cents​​ per share for the quarter ended in September,
higher than the same quarter last year, when the company
reported EPS of 62 cents.  The mean expectation of
fourteen analysts for the quarter was for earnings of 69 cents
per share. Wall Street expected results to range from 67 cents
to 71 cents per share.
    * Revenue rose 14.7% to $1.74 billion from a year ago;
analysts
expected $1.69 billion. 
    * Ingersoll Rand Inc's reported EPS for the quarter was 51
cents​.
    * The company reported quarterly net income of $208.3
million.
    * Ingersoll Rand Inc shares had fallen by 2.7% this
quarter and
gained 18.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen 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 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 $74.00 
This summary was machine generated from LSEG data November 2 at
01:59 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.69           0.77           Beat
 Jun. 30 2023      0.60           0.68           Beat
 Mar. 31 2023      0.52           0.65           Beat
 Dec. 31 2022      0.63           0.72           Beat