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 9.52%, beating earnings 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 company’s earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below.
Earnings: IR beats on earnings. The Zacks Consensus Estimate called for EPS of $1.30, while the company reported adjusted EPS of $1.38.
Revenues: Revenues missed. IR posted revenues of $3,688 million, compared to the Zacks Consensus Estimate of $3,690 million.
Key Stats to Note: IR has revised its guidance for 2016, based on slow-to-moderate growth across the industry verticals. It expects adjusted EPS from continuing operations to be in the range $4.00 to $4.10, compared with prior guidance of $3.95 to $4.10, while revenues as expected to rise by 1%-2% and free cash flow is expected to be in the range $1billion to $1.1 billion, excluding the proceeds from the sale of Hussmann.
Stock Price: Shares did not show any change 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!
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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 9.52%, beating earnings 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 company’s earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below.
Earnings: IR beats on earnings. The Zacks Consensus Estimate called for EPS of $1.30, while the company reported adjusted EPS of $1.38.
Revenues: Revenues missed. IR posted revenues of $3,688 million, compared to the Zacks Consensus Estimate of $3,690 million.
Key Stats to Note: IR has revised its guidance for 2016, based on slow-to-moderate growth across the industry verticals. It expects adjusted EPS from continuing operations to be in the range $4.00 to $4.10, compared with prior guidance of $3.95 to $4.10, while revenues as expected to rise by 1%-2% and free cash flow is expected to be in the range $1billion to $1.1 billion, excluding the proceeds from the sale of Hussmann.
Stock Price: Shares did not show any change 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!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Get the latest research report on IR - FREE