Ingersoll Rand Gears Up to Post Q3 Earnings: Is a Beat in Store?

Core Viewpoint - Ingersoll Rand Inc. is set to release its third-quarter 2024 results on October 31, with expectations of continued revenue and earnings growth based on historical performance and recent acquisitions [1][7]. Financial Performance Expectations - The consensus estimate for revenues is $1.9 billion, reflecting a year-over-year growth of 7.9$1.5 billion, driven by higher orders for industrial vacuums and stable compressor orders [3]. - The Precision and Science Technologies segment is anticipated to perform well, with a projected revenue increase of 17.2% year over year to $363.8 million, supported by growth in short-cycle orders and strong book-and-ship orders [4]. Impact of Acquisitions - Recent acquisitions, including ILC Dover, Complete Air and Power Solutions, Del PD Pumps & Gear Pvt Ltd, and Fruvac Ltd, are expected to enhance Ingersoll Rand's capabilities and revenue streams [5][6]. - The integration of these companies is anticipated to augment the product portfolio and strengthen the company's position in various markets, including biopharma and mobile vacuum solutions [6][7]. Margin and Profitability Considerations - Increasing costs of sales and rising selling and administrative expenses may negatively impact margins and profitability [8]. - Foreign-currency headwinds are also expected to affect the company's top line due to its substantial international presence [8]. Earnings Prediction - The company has an Earnings ESP of +1.22%, with the Most Accurate Estimate at 83 cents per share, suggesting a likelihood of an earnings beat [9].