Ingersoll Rand Inc. reports results for the quarter ended September 30 - Earnings Summary

• Ingersoll Rand Inc. IR.N reported quarterly adjusted earnings of $1.07​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 86 cents. The mean expectation of thirteen analysts for the quarter was for earnings of 90 cents per share. Wall Street expected results to range from 88 cents to 92 cents per share.

• Revenue rose 5.6% to $2.06 billion from a year ago; analysts expected $2.05 billion.

• Ingersoll Rand Inc.'s reported EPS for the quarter was $1.73​.

• The company reported quarterly net income of $669.9 million.

• Ingersoll Rand Inc. shares had risen by 0.5% this quarter and lost 4.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.9% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," 8 "hold" and no "sell" or "strong sell." The average consensus recommendation for the industrial machinery & equipment peer group is also "buy"

• Wall Street's median 12-month price target for Ingersoll Rand Inc. is $87.50, about 8.6% above its last closing price of $80.01

This summary was machine generated from LSEG data October 29 at 10:33 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)