The upcoming report from Ingersoll Rand (IR) is expected to reveal quarterly earnings of $0.91 per share, indicating an increase of 8.3% compared to the year-ago period. Analysts forecast revenues of $2.05 billion, representing an increase of 7.8% year over year.
The consensus EPS estimate for the quarter has undergone a downward revision of 1.8% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
Bearing this in mind, let's now explore the average estimates of specific Ingersoll metrics that are commonly monitored and projected by Wall Street analysts.
Analysts' assessment points toward 'Revenue- Precision and Science Technologies' reaching $408.11 million. The estimate indicates a change of +5.3% from the prior-year quarter.
It is projected by analysts that the 'Revenue- Industrial Technologies and Services' will reach $1.63 billion. The estimate points to a change of +7.6% from the year-ago quarter.
Analysts forecast 'Adjusted EBITDA- Precision & Science Technologies' to reach $126.47 million. The estimate is in contrast to the year-ago figure of $106.80 million.
The consensus estimate for 'Adjusted EBITDA- Industrial Technologies & Services' stands at $478.23 million. The estimate compares to the year-ago value of $457.60 million.
View all Key Company Metrics for Ingersoll here>>>
Shares of Ingersoll have demonstrated returns of +15.2% over the past month compared to the Zacks S&P 500 composite's -0.2% change. With a Zacks Rank #3 (Hold), IR is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Ingersoll Rand Inc. (IR): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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