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Gear Up for Ingersoll (IR) Q3 Earnings: Wall Street Estimates for Key Metrics
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Wall Street analysts expect Ingersoll Rand (IR - Free Report) to post quarterly earnings of $0.89 per share in its upcoming report, which indicates a year-over-year increase of 3.5%. Revenues are expected to be $2.04 billion, up 4.5% from the year-ago quarter.
The consensus EPS estimate for the quarter has undergone a downward revision of 0.3% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
In light of this perspective, let's dive into the average estimates of certain Ingersoll metrics that are commonly tracked and forecasted by Wall Street analysts.
Analysts predict that the 'Revenue- Precision and Science Technologies' will reach $432.89 million. The estimate points to a change of +4.4% from the year-ago quarter.
According to the collective judgment of analysts, 'Revenue- Industrial Technologies and Services' should come in at $1.61 billion. The estimate indicates a change of +4.5% from the prior-year quarter.
Based on the collective assessment of analysts, 'Adjusted EBITDA- Precision & Science Technologies' should arrive at $138.72 million. The estimate is in contrast to the year-ago figure of $127.60 million.
It is projected by analysts that the 'Adjusted EBITDA- Industrial Technologies & Services' will reach $445.56 million. The estimate is in contrast to the year-ago figure of $447.50 million.
Ingersoll shares have witnessed a change of -1.2% in the past month, in contrast to the Zacks S&P 500 composite's -0.2% move. With a Zacks Rank #3 (Hold), IR is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Gear Up for Ingersoll (IR) Q3 Earnings: Wall Street Estimates for Key Metrics
Wall Street analysts expect Ingersoll Rand (IR - Free Report) to post quarterly earnings of $0.89 per share in its upcoming report, which indicates a year-over-year increase of 3.5%. Revenues are expected to be $2.04 billion, up 4.5% from the year-ago quarter.
The consensus EPS estimate for the quarter has undergone a downward revision of 0.3% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
In light of this perspective, let's dive into the average estimates of certain Ingersoll metrics that are commonly tracked and forecasted by Wall Street analysts.
Analysts predict that the 'Revenue- Precision and Science Technologies' will reach $432.89 million. The estimate points to a change of +4.4% from the year-ago quarter.
According to the collective judgment of analysts, 'Revenue- Industrial Technologies and Services' should come in at $1.61 billion. The estimate indicates a change of +4.5% from the prior-year quarter.
Based on the collective assessment of analysts, 'Adjusted EBITDA- Precision & Science Technologies' should arrive at $138.72 million. The estimate is in contrast to the year-ago figure of $127.60 million.
It is projected by analysts that the 'Adjusted EBITDA- Industrial Technologies & Services' will reach $445.56 million. The estimate is in contrast to the year-ago figure of $447.50 million.
View all Key Company Metrics for Ingersoll here>>>Ingersoll shares have witnessed a change of -1.2% in the past month, in contrast to the Zacks S&P 500 composite's -0.2% move. With a Zacks Rank #3 (Hold), IR is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .