Ingersoll Rand (NYSE: IR) has announced that it will be unveiling its second quarter financial results on Wednesday 31st July 2024. This eagerly anticipated announcement is scheduled to occur after market close, ensuring that investors and analysts have the opportunity to gain valuable insights into the company’s performance during the quarter.
Wall Street financial experts forecast that the business is set to announce an expected $0.78 profit per share for the quarter. Moreover, the company is anticipated to disclose a total revenue of $1.8 billion for this particular period.
Financial analysts have shared their forecasts for the company’s annual performance, indicating their belief that the company will achieve a total revenue of $7.36 billion. Additionally, they predict that the earnings per share for the company will hit profit of $3.3 by the end of the fiscal year.
In the previous year’s corresponding quarter, the company’s earnings report revealed a per-share income of $0.68. Moreover, the company achieved a remarkable total revenue of $1686.5 million during that quarter.
IR has announced a stunning 2024 revenue outlook ranging from $7.15 to $7.29 billion, accompanied by stellar earnings estimated at $3.20 to $3.30 profit per share! For the full year, wall street predictions are that the firm could be wrapping up with a total revenue of $7.36 billion and reaching profit of $3.3 per share.
The trading day saw Ingersoll Rand (IR) shares trading between $98.37 and $100.67, besides a volume of 2.53 million shares. The stock closed Tuesday’s regular trading session at $98.87, demonstrating 0.13 percent upturn.
