Ingersoll Rand: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Ingersoll Rand (NYSE:IR) reported Q4 earnings, beating estimates with an EPS of $0.86 against the expected $0.77, an 11.69% increase. Revenue rose by $197M from the previous year. The company has a history of surpassing EPS estimates, leading to a share price increase the following day, as seen in the last quarter with a 5.81% rise.
February 15, 2024 | 9:35 pm
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Ingersoll Rand reported a strong Q4 with an EPS of $0.86, surpassing estimates by 11.69%, and a significant year-over-year revenue increase.
Ingersoll Rand's Q4 earnings beat and consistent history of surpassing EPS estimates suggest a positive short-term impact on its stock price. The company's ability to exceed expectations and its revenue growth are likely to be viewed favorably by investors, potentially leading to an increase in stock price, similar to the 5.81% rise observed in the last quarter following the earnings announcement.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100