We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Ingersoll (IR) Beats Q1 Earnings and Revenue Estimates
Read MoreHide Full Article
With a diverse portfolio of industrial and commercial products, Ingersoll-Rand Plc (IR - Free Report) is a premier player in the industrial goods market. This Dublin, Ireland-based firm has a solid foundation of global brands with a leading market share in all major product lines.
After the divestiture of the commercial and residential security businesses, IR has been diligently focusing on improving the efficiencies and capabilities of its core businesses. The company is constantly on the lookout for opportunistic acquisitions to supplement its organic growth. However, IR operates in a competitive market place, which necessitates sustained investments in R&D initiatives to stay ahead of competition, thereby increasing its costs.
With rising operating costs and adverse currency translation effects gradually shrinking margins, investors have been eagerly waiting for the company’s latest earnings report.
In the last four trailing quarters, IR has reported a positive average earnings surprise of 10.5%, beating estimates thrice. As the intensity of competition is increasing over time, investors have been eagerly awaiting for the company’s latest earnings report.
Currently, IR has a Zacks Rank #2 (Buy), but that could definitely change following the first-quarter earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below.
Earnings: IR earnings beat. The Zacks Consensus Estimate called for EPS of 53 cents, while the company reported adjusted EPS of 57 cents.
Ingersoll-Rand PLC (Ireland) Price and EPS Surprise
Revenues: Revenues beat. IR posted revenues of $3,001 million, compared to the Zacks Consensus Estimate of $2,917 million.
Key Stats to Note: IR reaffirms guidance for 2017. It expects adjusted EPS from continuing operations to be in the range $4.35 to $4.50, while revenues are expected to rise by 2%. Cash flow from operating activities of $1.4 billion to $1.5 billion, while free cash flow is expected to be within $1.1 billion to $1.2 billion.
Stock Price: Share prices did not show any movement in the pre-market trading following the release at the time of this write-up.
Check back for our full write up on this IR earnings report later!
Zacks’ Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Click here for Zacks' private trades >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Ingersoll (IR) Beats Q1 Earnings and Revenue Estimates
With a diverse portfolio of industrial and commercial products, Ingersoll-Rand Plc (IR - Free Report) is a premier player in the industrial goods market. This Dublin, Ireland-based firm has a solid foundation of global brands with a leading market share in all major product lines.
After the divestiture of the commercial and residential security businesses, IR has been diligently focusing on improving the efficiencies and capabilities of its core businesses. The company is constantly on the lookout for opportunistic acquisitions to supplement its organic growth. However, IR operates in a competitive market place, which necessitates sustained investments in R&D initiatives to stay ahead of competition, thereby increasing its costs.
With rising operating costs and adverse currency translation effects gradually shrinking margins, investors have been eagerly waiting for the company’s latest earnings report.
In the last four trailing quarters, IR has reported a positive average earnings surprise of 10.5%, beating estimates thrice. As the intensity of competition is increasing over time, investors have been eagerly awaiting for the company’s latest earnings report.
Currently, IR has a Zacks Rank #2 (Buy), but that could definitely change following the first-quarter earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below.
Earnings: IR earnings beat. The Zacks Consensus Estimate called for EPS of 53 cents, while the company reported adjusted EPS of 57 cents.
Ingersoll-Rand PLC (Ireland) Price and EPS Surprise
Ingersoll-Rand PLC (Ireland) Price and EPS Surprise | Ingersoll-Rand PLC (Ireland) Quote
Revenues: Revenues beat. IR posted revenues of $3,001 million, compared to the Zacks Consensus Estimate of $2,917 million.
Key Stats to Note: IR reaffirms guidance for 2017. It expects adjusted EPS from continuing operations to be in the range $4.35 to $4.50, while revenues are expected to rise by 2%. Cash flow from operating activities of $1.4 billion to $1.5 billion, while free cash flow is expected to be within $1.1 billion to $1.2 billion.
Stock Price: Share prices did not show any movement in the pre-market trading following the release at the time of this write-up.
Check back for our full write up on this IR earnings report later!
Zacks’ Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Click here for Zacks' private trades >>