Ingersoll-Rand Second Quarter Earnings Sneak Peek

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S&P 500 (NYSE:SPY) component Ingersoll-Rand (NYSE:IR) will unveil its latest earnings on Friday, July 20, 2012. Ingersoll-Rand provides products and services to improve the quality and comfort of air in homes and buildings, transport and protect food and perishables and commercial properties.

Ingersoll-Rand Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for profit of 91 cents per share, a rise of 3.4% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from 97 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 91 cents during the last month. For the year, analysts are projecting net income of $3.04 per share, a rise of 7.8% from last year.

Past Earnings Performance: Last quarter, the company reported profit of 31 cents per share versus a mean estimate of net income of. The company has beaten estimates for the past three quarters.

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A Look Back: In the first quarter, the company swung to a profit of $95.6 million (31 cents a share) from a loss of $77.6 million (22 cents) a year earlier, beating analyst estimates. Revenue rose 0.4% to $3.15 billion from $3.14 billion.

Stock Price Performance: Between May 17, 2012 and July 16, 2012, the stock price had fallen $1.04 (-2.6%), from $40.67 to $39.63. The stock price saw one of its best stretches over the last year between June 25, 2012 and July 3, 2012, when shares rose for seven straight days, increasing 10.2% (+$3.98) over that span. It saw one of its worst periods between July 3, 2012 and July 12, 2012 when shares fell for seven straight days, dropping 7.8% (-$3.37) over that span.

Analyst Ratings: With nine analysts rating the stock a buy, one rating it a sell and seven rating the stock a hold, there are indications of a bullish stance by analysts.

Key Stats:

On the top line, the company is hoping to build on a revenue increase last quarter. Revenue fell 6.9% in the fourth quarter of the last fiscal year after increasing in the first quarter.

Wall St. Revenue Expectations: Analysts are projecting no change in revenue from the year-earlier quarter to $3.89 billion.

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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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