Ingersoll-Rand plc (Ireland) (NYSE:IR) is reporting third quarter earnings results on Monday 2nd November 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.31 per share.
For the full year, analysts predict revenues of $ 5178.00 million, while looking forward to income of $ 1.26 per share.
Previous Quarter Performance
Ingersoll-Rand plc (Ireland) recorded income for the second quarter of $ 0.31 per share, from the revenue of $ 1,264.00 million. The quarterly earnings declined 27.91 percent while revenues escalated 100.92 percent compared with the same quarter last year.
Wall street analysts are predicting, IR to report 2Q20 income of $ 0.19 per share from revenue of $ 1168.70 million. The bottom line results beat street analysts by $ 0.12 or 63.16 percent, at the same time, top line results outshined analysts by $ 95.30 million or 8.15 percent.
Stock Performance
On Friday, shares of Ingersoll-Rand plc (Ireland) has traded high as $ 35.28 and has cracked $ 34.37 on the downward trend, reaching $ 34.94 with volume of 2.37 million shares.
According to the previous trading day, closing price of $ 34.94, representing a 106.23 % increase from the 52 week low of $ 17.01 and a 9.96 % decrease over the 52 week high of $ 38.96.
The company has a market capital of $ 14.57 billion and is part of the Industrials sector and Diversified Industrials industry.
Recent Analyst recommendations
- On 24th September 2020, initiated by Jefferies Financial Group at Buy rating, with $ 42.00 target price.
Ingersoll-Rand Plc designs, manufactures, sells, and services industrial and commercial products. The company operates through Climate and Industrial segments. The Climate segment offers air conditioners, exchangers, and handlers; airside and terminal devices; auxiliary power units; chillers; coils and condensers; gensets; furnaces; heat pumps; home automation; humidifiers; hybrid and non-diesel transport refrigeration, and ice energy storage solutions; indoor air quality; industrial refrigeration; motor replacements; refrigerant reclamation; thermostats/controls; transport heater products; and water source heat pumps.
