Ingersoll Rand (IR) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Core Viewpoint - Ingersoll Rand (IR) is anticipated to report a year-over-year increase in earnings driven by higher revenues, with the upcoming earnings report expected to be released on October 31, 2024 [1] Group 1: Earnings Expectations - The consensus estimate for Ingersoll Rand's quarterly earnings is $0.82 per share, reflecting a year-over-year increase of +6.5% [2] - Revenues are projected to reach $1.88 billion, representing a 7.9% increase from the same quarter last year [2] Group 2: Estimate Revisions - The consensus EPS estimate has been revised 0.78% higher in the last 30 days, indicating a positive reassessment by analysts [3] - The Most Accurate Estimate for Ingersoll is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +1.22%, suggesting bullish sentiment among analysts [6] Group 3: Earnings Surprise Prediction - A positive Earnings ESP is a strong indicator of an earnings beat, especially when combined with a Zacks Rank of 1 (Strong Buy), 2 (Buy), or 3 (Hold) [5] - Ingersoll currently holds a Zacks Rank of 2, indicating a high likelihood of beating the consensus EPS estimate [6] Group 4: Historical Performance - Ingersoll has a history of exceeding consensus EPS estimates, having beaten expectations in the last four quarters, including a +7.79% surprise in the most recent quarter [7]