Why Ingersoll (IR) is Poised to Beat Earnings Estimates Again

Core Viewpoint - Ingersoll Rand (IR) is positioned well for potential earnings beats in upcoming reports, supported by a strong history of exceeding earnings estimates and positive analyst sentiment [1][2][3] Group 1: Earnings Performance - Ingersoll Rand has a solid track record of beating earnings estimates, with an average surprise of 10.42% over the last two quarters [1] - For the last reported quarter, the company achieved earnings of $0.83 per share, surpassing the Zacks Consensus Estimate of$0.77 per share by 7.79% [1] - In the previous quarter, Ingersoll Rand reported earnings of $0.78 per share against an expected$0.69, resulting in a surprise of 13.04% [1] Group 2: Analyst Estimates - Recent estimates for Ingersoll Rand have been trending upward, indicating increased analyst confidence in the company's earnings potential [2] - The Zacks Earnings ESP for Ingersoll Rand is currently +1.22%, suggesting a bullish outlook from analysts [3] - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [2] Group 3: Upcoming Earnings Report - The next earnings report for Ingersoll Rand is anticipated to be released on October 31, 2024 [3]