Ingersoll-Rand 2Q Earnings Pregame Scorecard
Last quarter Ingersoll-Rand (NYSE:IR) beat estimates by 6 cents per share and it is up again on Friday, July 20, 2012.
Analysts currently expect Ingersoll-Rand to come in with earnings of 91 cents per share on revenues of $3.89 billion. Estimates from analysts range from 85 cents per share to 95 cents per share. Over the past three months, the average estimate has moved down from 97 cents.
Last Quarter's Results
In the first quarter, the company swung to a profit of $95.6 million (31 cents a share) from a loss of $77.6 million (22 cents) a year earlier, beating analyst estimates. Revenue rose 0.4% to $3.15 billion from $3.14 billion.
Analysts are bullish on the stock as nine analysts rate it as a buy and only one analyst rate it as a sell.
In terms of price changes, the stock's best recent streak was when it gained $3.98 per share between June 25, 2012 and July 3, 2012.
Reporting Period: 2Q
Date of Release: Friday, July 20, 2012
EPS: 91 cents
Revenue Estimate: $3.89 billion
(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)