Ingersoll Rand Q4 Earnings Preview: Key Expectations
Revenue Estimates:
* Analysts anticipate a 4.8% YoY revenue increase to $1.91 billion, slower than the 12.2% growth in Q4 2021.
Earnings Expectations:
* Adjusted earnings are projected at $0.84 per share.
Analyst Consensus:
* Analysts have generally maintained their estimates in the past 30 days, indicating confidence in the company's performance.
Peer Performance:
* Standex International reported 6.4% YoY revenue growth, exceeding estimates by 0.5%.
* IDEX Corporation posted 9.4% revenue growth, slightly below expectations by 0.6%.
Stock Market Reaction:
* Standex declined 2.2% after earnings, while IDEX dropped 9.5%.
* Ingersoll Rand has gained 3.1% in the past month and trades at $92.17, below the average analyst price target of $104.32.
Investment Considerations:
* Ingersoll Rand has missed revenue estimates five times in the past two years.
* Investors should consider peer performance and overall market conditions when making investment decisions.