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Ingersoll (IR) Surges 5.4%: Is This an Indication of Further Gains?
ZACKS· 2026-02-04 12:20
Core Viewpoint - Ingersoll Rand Inc. (IR) shares experienced a significant increase of 5.4% in the last trading session, closing at $93.72, supported by strong trading volume and an overall gain of 8.2% over the past four weeks [1] Group 1: Company Performance - The rally in Ingersoll Rand's stock is primarily attributed to positive momentum in the Industrial Technologies & Services segment, driven by increased orders for industrial vacuums, blowers, power tools, and compressors [2] - The life sciences business is also contributing positively, particularly through growth in fluid handling product orders from the Gardner Denver Medical platform, which is expected to benefit the Precision and Science Technologies segment [2] - The company is projected to report quarterly earnings of $0.91 per share, reflecting an 8.3% year-over-year increase, with revenues anticipated to reach $2.05 billion, marking a 7.8% rise from the previous year [3] Group 2: Earnings Estimates and Market Sentiment - Despite the positive earnings and revenue growth expectations, the consensus EPS estimate for the upcoming quarter has been revised down by 1.8% over the last 30 days, which typically does not bode well for stock price appreciation [4] - The stock currently holds a Zacks Rank of 3 (Hold), indicating a neutral outlook, while another company in the same industry, Generac Holdings, has a Zacks Rank of 4 (Sell) [4][5]