Earnings Preview: Ingersoll Rand (IR) Q2 Earnings Expected to Decline

Company Overview - Ingersoll Rand (IR) is expected to report a year-over-year decline in earnings, with a projected earnings per share (EPS) of $0.80, reflecting a decrease of 3.6% compared to the previous year [3] - Revenue for the quarter is anticipated to be $1.84 billion, which represents a 2.1% increase from the same quarter last year [3] Earnings Expectations - The earnings report is scheduled for July 31, and the stock price may increase if the actual results exceed expectations, while a miss could lead to a decline [2] - The consensus EPS estimate has been revised 0.6% higher in the last 30 days, indicating a slight positive sentiment among analysts [4] Earnings Surprise Prediction - The Most Accurate Estimate for Ingersoll is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -0.75%, suggesting a bearish outlook from analysts [12] - The company currently holds a Zacks Rank of 3 (Hold), complicating predictions of an earnings beat [12] Historical Performance - Ingersoll has beaten consensus EPS estimates in two out of the last four quarters, with a recent surprise of -1.37% when it reported earnings of $0.72 against an expectation of $0.73 [13][14] Industry Comparison - Illinois Tool Works (ITW), a peer in the Zacks Manufacturing - General Industrial industry, is expected to report an EPS of $2.56, indicating a year-over-year increase of 0.8% [18] - ITW's revenue is projected to be $4.01 billion, down 0.4% from the previous year, but it has a positive Earnings ESP of +1.19%, suggesting a higher likelihood of beating consensus estimates [19][20]