Ingersoll Rand Q3 2024 Adj EPS $0.84 Beats $0.81 Estimate, Sales $1.86B Miss $1.87B Estimate
Portfolio Pulse from Benzinga Newsdesk
Ingersoll Rand reported Q3 2024 earnings per share of $0.84, surpassing the analyst estimate of $0.81. However, its sales of $1.86 billion slightly missed the $1.87 billion estimate, though they increased by 7.02% from the previous year.
October 31, 2024 | 8:35 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Ingersoll Rand's Q3 2024 earnings per share exceeded expectations, but sales slightly missed estimates. Despite the sales miss, there was a year-over-year increase in sales.
The positive earnings surprise is likely to have a favorable impact on the stock price, as EPS beat expectations. The slight miss in sales is less significant given the year-over-year growth, which may mitigate any negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100