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Ingersoll (IR) Misses on Q4 Earnings, 2017 View Bullish
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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 12.9%, beating earnings estimates on all occasions. 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 #3 (Hold), but that could definitely change following the fourth-quarter earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below.
Earnings: IR misses on earnings. The Zacks Consensus Estimate called for EPS of 92 cents, while the company reported adjusted EPS of 84 cents.
Ingersoll-Rand PLC (Ireland) Price and EPS Surprise
Revenues: Revenues beat. IR posted revenues of $3,358.8 million, compared to the Zacks Consensus Estimate of $3,347 million.
Key Stats to Note: IR has offered a bullish guidance for 2017. It expects adjusted EPS from continuing operations to be in the range $4.30 to $4.50, while revenues are expected to rise by 2%. Cash from operating activities is anticipated to be about $1.4 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!
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In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? As of early December, the 2016 Top 10 produced 5 double-digit winners including oil and natural gas giant Pioneer Natural Resources which racked up a stellar +50% gain. The new list is painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. Be among the very first to see it>>
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Ingersoll (IR) Misses on Q4 Earnings, 2017 View Bullish
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 12.9%, beating earnings estimates on all occasions. 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 #3 (Hold), but that could definitely change following the fourth-quarter earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below.
Earnings: IR misses on earnings. The Zacks Consensus Estimate called for EPS of 92 cents, while the company reported adjusted EPS of 84 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 $3,358.8 million, compared to the Zacks Consensus Estimate of $3,347 million.
Key Stats to Note: IR has offered a bullish guidance for 2017. It expects adjusted EPS from continuing operations to be in the range $4.30 to $4.50, while revenues are expected to rise by 2%. Cash from operating activities is anticipated to be about $1.4 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' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? As of early December, the 2016 Top 10 produced 5 double-digit winners including oil and natural gas giant Pioneer Natural Resources which racked up a stellar +50% gain. The new list is painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. Be among the very first to see it>>