Ingersoll Rand Inc (IR, Financial) is set to release its Q3 2024 earnings on Oct 31, 2024. The consensus estimate for Q3 2024 revenue is $1.88 billion, and the earnings are expected to come in at $0.62 per share. The full year 2024's revenue is expected to be $7.33 billion and the earnings are expected to be $2.08 per share. More detailed estimate data can be found on the Forecast page.
Ingersoll Rand Inc (IR, Financial) Estimates Trends
Over the past 90 days, revenue estimates for Ingersoll Rand Inc (IR) for the full year 2024 have declined from $7.39 billion to $7.34 billion and for 2025 from $7.91 billion to $7.90 billion. Earnings estimates have also been revised downward, with projections for 2024 decreasing from $2.41 per share to $2.08 per share, and for 2025 from $2.85 per share to $2.80 per share.
Ingersoll Rand Inc (IR, Financial) Reported History
In the previous quarter of June 30, 2024, Ingersoll Rand Inc's (IR) actual revenue was $1.81 billion, which beat analysts' revenue expectations of $1.80 billion by 0.26%. Ingersoll Rand Inc's (IR) actual earnings were $0.45 per share, which missed analysts' earnings expectations of $0.59 per share by -23.73%. After releasing the results, Ingersoll Rand Inc (IR) was down by -9.13% in one day.
Ingersoll Rand Inc (IR, Financial) 12 Month Price Targets
Based on the one-year price targets offered by 13 analysts, the average target price for Ingersoll Rand Inc (IR) is $106.26 with a high estimate of $120 and a low estimate of $88. The average target implies an upside of 9.26% from the current price of $97.26.
Based on GuruFocus estimates, the estimated GF Value for Ingersoll Rand Inc (IR, Financial) in one year is $80.86, suggesting a downside of -16.86% from the current price of $97.26.
Based on the consensus recommendation from 16 brokerage firms, Ingersoll Rand Inc's (IR, Financial) average brokerage recommendation is currently 2.2, indicating an "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
