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IR

Ingersoll (IR) Beats on Both Q4 Earnings & Revenues

With a diverse portfolio of industrial and commercial products, Ingersoll-Rand Plc IR is a premier player in the industrial goods market. This Dublin, Ireland-based firm has a solid foundation of global brands with a leading market share in all major product lines.

After the divestiture of the commercial and residential security businesses, IR has been diligently focusing on improving the efficiencies and capabilities of its core businesses. The company is constantly on the lookout for opportunistic acquisitions to supplement its organic growth. However, IR operates in a competitive market place, which necessitates sustained investments in R&D initiatives to stay ahead of competition, thereby increasing its costs.

With rising operating costs and adverse currency translation effects gradually shrinking margins, investors have been eagerly waiting for the company's latest earnings report.

Earnings estimate revisions have moved south in the last month. In the last four trailing quarters, IR has reported a positive average earnings surprise of 9.44%, beating earnings estimates thrice. As the intensity of competition is increasing over time, investors have been eagerly awaiting for the company's latest earnings report

Currently, IR has a Zacks Rank #3 (Hold), but that could definitely change following the company's earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below.

Earnings: IR beats on earnings. The Zacks Consensus Estimate called for EPS of 93 cents, while the company reported adjusted EPS of 94 cents.

Revenues: Revenues exceeded. IR posted revenues of $3,325.8 million, compared to the Zacks Consensus Estimate of $3,307 million.

Key Stats to Note: With expectations of a slow-to-moderate growth across the industry verticals, IR offered an initial guidance for 2016. Adjusted earnings from continuing operations for the year are expected to be in the range of $3.80 to $4.00, while revenues are expected to be flat to up 2% year over year.

Stock Price: Shares prices remained flat in pre-market trading following the earnings beat at the time of writing.

Check back for our full write up on this IR earnings report later!

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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