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) to Report Q1 Earnings: What's in the Cards?
Read MoreHide Full Article
Ingersoll Rand Inc. (IR - Free Report) is scheduled to release first-quarter 2021 results on Apr 28, after market close.
The company’s earnings surpassed estimates thrice and missed the mark once in the last four quarters, the average surprise being 19.7%. Its fourth-quarter 2020 earnings of 53 cents per share surpassed the Zacks Consensus Estimate of 46 cents by 15.22%.
In the past six months, the stock has gained 45.3% compared with the industry’s growth of 32.6%.
Factors at Play
During the quarter under review, Ingersoll Rand is likely to have benefited from its robust product portfolio, innovation capabilities and a deepened focus on expanding its aftermarket businesses. Further, the company’s investments in the digital, IoT and e-commerce space are likely to have boosted its performance.
Also, Ingersoll Rand’s acquisition of Tuthill Vacuum and Blower Systems during the first quarter strengthened the company’s existing vacuum and blower product offerings with enhanced technical capabilities.
The transaction also extended Ingersoll Rand’s business footprint, courtesy of Tuthill Vacuum and Blower Systems’ presence in the multiple end markets, especially those in the Americas. Markedly, the acquired assets are now part of Ingersoll Rand’s Industrial Technologies and Services segment.
Also, the company inked a five-year agreement with Google Cloud to drive IoT connectivity across its global industrial portfolio. As a result, the revamped cloud-based architecture will aid it to seamlessly manage its connected devices with an improved service experience for both distributors and customers. These significant developments are likely to have been accretive to Ingersoll Rand’s first-quarter earnings.
The Zacks Consensus Estimate for the company’s total revenues stands at $1,314 million, indicating a 3.5% increase from $1,270 million reported in the prior-year quarter.
Moreover, Ingersoll Rand’s exposure to several end markets including industrial manufacturing, mining & construction, chemical, upstream energy, midstream energy, transportation and downstream energy is expected to have helped it deal with the coronavirus-led adversities. Also, effective cost-reduction efforts coupled with a healthy liquidity position might have helped the company maintain a solid margin in the to-be-reported quarter.
However, an unfavorable product mix is likely to have hurt the performance of its Precision & Science Technologies segment in the to-be-reported quarter. Also, the near-term impact on revenues from the disposal of the company’s majority stake in the High Pressure Solutions segment might bear a reflection on its impending results. Moreover, given Ingersoll Rand’s diverse geographic presence, its operations are subject to global economic and political risks as well as forex woes.
Earnings Whispers
Our proven model does not predict an earnings beat for Ingersoll Rand this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that is not the case here as elaborated below. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Earnings ESP: Ingersoll Rand has an Earnings ESP of -0.84%.
Zacks Rank: Ingersoll Rand has a Zacks Rank #3, currently.
Key Picks
Here are some companies worth considering as our model shows that these have the right combination of elements to beat on earnings this reporting cycle:
AGCO Corporation (AGCO - Free Report) has an Earnings ESP of +2.94% and a Zacks Rank of 3, at present.
Eaton Corporation, plc (ETN - Free Report) has an Earnings ESP of +1.96% and a Zacks Rank of 3, presently.
Time to Invest in Legal Marijuana
If you’re looking for big gains, there couldn’t be a better time to get in on a young industry primed to skyrocket from $17.7 billion back in 2019 to an expected $73.6 billion by 2027.
After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states plus D.C. Federal legalization is expected soon and that could be a still greater bonanza for investors. Even before the latest wave of legalization, Zacks Investment Research has recommended pot stocks that have shot up as high as +285.9%
You’re invited to check out Zacks’ Marijuana Moneymakers: An Investor’s Guide. It features a timely Watch List of pot stocks and ETFs with exceptional growth potential.
Image: Bigstock
Ingersoll (IR) to Report Q1 Earnings: What's in the Cards?
Ingersoll Rand Inc. (IR - Free Report) is scheduled to release first-quarter 2021 results on Apr 28, after market close.
The company’s earnings surpassed estimates thrice and missed the mark once in the last four quarters, the average surprise being 19.7%. Its fourth-quarter 2020 earnings of 53 cents per share surpassed the Zacks Consensus Estimate of 46 cents by 15.22%.
In the past six months, the stock has gained 45.3% compared with the industry’s growth of 32.6%.
Factors at Play
During the quarter under review, Ingersoll Rand is likely to have benefited from its robust product portfolio, innovation capabilities and a deepened focus on expanding its aftermarket businesses. Further, the company’s investments in the digital, IoT and e-commerce space are likely to have boosted its performance.
Also, Ingersoll Rand’s acquisition of Tuthill Vacuum and Blower Systems during the first quarter strengthened the company’s existing vacuum and blower product offerings with enhanced technical capabilities.
The transaction also extended Ingersoll Rand’s business footprint, courtesy of Tuthill Vacuum and Blower Systems’ presence in the multiple end markets, especially those in the Americas. Markedly, the acquired assets are now part of Ingersoll Rand’s Industrial Technologies and Services segment.
Also, the company inked a five-year agreement with Google Cloud to drive IoT connectivity across its global industrial portfolio. As a result, the revamped cloud-based architecture will aid it to seamlessly manage its connected devices with an improved service experience for both distributors and customers. These significant developments are likely to have been accretive to Ingersoll Rand’s first-quarter earnings.
The Zacks Consensus Estimate for the company’s total revenues stands at $1,314 million, indicating a 3.5% increase from $1,270 million reported in the prior-year quarter.
Moreover, Ingersoll Rand’s exposure to several end markets including industrial manufacturing, mining & construction, chemical, upstream energy, midstream energy, transportation and downstream energy is expected to have helped it deal with the coronavirus-led adversities. Also, effective cost-reduction efforts coupled with a healthy liquidity position might have helped the company maintain a solid margin in the to-be-reported quarter.
However, an unfavorable product mix is likely to have hurt the performance of its Precision & Science Technologies segment in the to-be-reported quarter. Also, the near-term impact on revenues from the disposal of the company’s majority stake in the High Pressure Solutions segment might bear a reflection on its impending results. Moreover, given Ingersoll Rand’s diverse geographic presence, its operations are subject to global economic and political risks as well as forex woes.
Earnings Whispers
Our proven model does not predict an earnings beat for Ingersoll Rand this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that is not the case here as elaborated below. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Earnings ESP: Ingersoll Rand has an Earnings ESP of -0.84%.
Ingersoll Rand Inc. Price and EPS Surprise
Ingersoll Rand Inc. price-eps-surprise | Ingersoll Rand Inc. Quote
Zacks Rank: Ingersoll Rand has a Zacks Rank #3, currently.
Key Picks
Here are some companies worth considering as our model shows that these have the right combination of elements to beat on earnings this reporting cycle:
Caterpillar Inc. (CAT - Free Report) has an Earnings ESP of +3.15% and a Zacks Rank #2, currently. You can see the complete list of today’s Zacks #1 Rank stocks here.
AGCO Corporation (AGCO - Free Report) has an Earnings ESP of +2.94% and a Zacks Rank of 3, at present.
Eaton Corporation, plc (ETN - Free Report) has an Earnings ESP of +1.96% and a Zacks Rank of 3, presently.
Time to Invest in Legal Marijuana
If you’re looking for big gains, there couldn’t be a better time to get in on a young industry primed to skyrocket from $17.7 billion back in 2019 to an expected $73.6 billion by 2027.
After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states plus D.C. Federal legalization is expected soon and that could be a still greater bonanza for investors. Even before the latest wave of legalization, Zacks Investment Research has recommended pot stocks that have shot up as high as +285.9%
You’re invited to check out Zacks’ Marijuana Moneymakers: An Investor’s Guide. It features a timely Watch List of pot stocks and ETFs with exceptional growth potential.
Today, Download Marijuana Moneymakers FREE >>