Ingersoll Rand Inc reports results for the quarter ended March 31 - Earnings Summary

• Ingersoll Rand Inc IR.N reported quarterly adjusted earnings of 72 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 78 cents. The mean expectation of fifteen analysts for the quarter was for earnings of 73 cents per share. Wall Street expected results to range from 72 cents to 76 cents per share.

• Revenue rose 2.8% to $1.72 billion from a year ago; analysts expected $1.73 billion.

• Ingersoll Rand Inc's reported EPS for the quarter was 46 cents​.

• The company reported quarterly net income of $186.5 million.

• Ingersoll Rand Inc shares had fallen by 5.7% this quarter and lost 16.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 5.2% 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 9 "strong buy" or "buy," 8 "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 $94.00

This summary was machine generated from LSEG data May 2 at 03:27 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)