Will Ingersoll (IR) Beat Estimates Again in Its Next Earnings Report?

Core Viewpoint - Ingersoll Rand (IR) is positioned well to potentially beat earnings estimates in its upcoming quarterly report, supported by a strong history of surpassing expectations [1][2]. Group 1: Earnings Performance - Ingersoll Rand has consistently exceeded earnings estimates, with an average surprise of 12.63% over the last two quarters [1]. - For the last reported quarter, the company achieved earnings of $0.77 per share, surpassing the Zacks Consensus Estimate of $0.70 per share by 10% [1]. - In the previous quarter, Ingersoll Rand's earnings were $0.68 per share against an expected $0.59, resulting in a surprise of 15.25% [1]. Group 2: Earnings Estimates and Predictions - Recent changes in earnings estimates for Ingersoll Rand have been favorable, with a positive Zacks Earnings ESP (Expected Surprise Prediction) indicating a strong likelihood of an earnings beat [2][3]. - The current Earnings ESP for Ingersoll Rand is +1.64%, reflecting increased analyst optimism regarding its near-term earnings potential [3]. - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have historically produced positive surprises nearly 70% of the time [2]. Group 3: Earnings ESP Metric - The Earnings ESP metric compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate being more reflective of recent analyst revisions [3]. - A negative Earnings ESP can reduce predictive power but does not necessarily indicate an earnings miss [4]. - It is crucial to check a company's Earnings ESP before quarterly releases to enhance the chances of successful predictions [4].