Ingersoll-Rand Company Limited First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Ingersoll-Rand Company Limited (NYSE:IR) will unveil its latest earnings on Friday, April 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 Company Limited Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 25 cents per share, a decline of 28.6% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 45 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 25 cents during the last month. Analysts are projecting profit to rise by 8.2% versus last year to $3.05.

Past Earnings Performance: The company is looking to top estimates for the third straight quarter. Last quarter, it reported profit of 76 cents per share against a mean estimate of net income of 67 cents, and the quarter before, the company exceeded forecasts by 2 cents with profit of 81 cents versus a mean estimate of net income of 79 cents.

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Wall St. Revenue Expectations: On average, analysts predict $3.04 billion in revenue this quarter, a decline of 3.2% from the year-ago quarter. Analysts are forecasting total revenue of $14.39 billion for the year, a decline of 2.6% from last year’s revenue of $14.78 billion.

Analyst Ratings: Analysts are optimistic about this stock, with nine analysts rating it as a buy, none rating it as a sell and seven rating it as a hold. Over the last three months, the stock’s average rating has increased from hold to moderate buy.

A Look Back: In the fourth quarter of the last fiscal year, profit rose 14.2% to $242.3 million (72 cents a share) from $212.1 million (62 cents a share) the year earlier, exceeding analyst expectations. Revenue fell 6.9% to $3.45 billion from $3.71 billion.

Key Stats:

On the top line, the company is looking to get back on the right track after last quarter’s drop snapped a string of revenue increases. Revenue rose 6.3% in the first quarter of the last fiscal year, 5.1% in the second quarter of the last fiscal year and 5.3%in the third quarter of the last fiscal year before dropping in the fourth quarter of the last fiscal year.

Stock Price Performance: Between January 19, 2012 and April 16, 2012, the stock price rose $5.37 (15.7%), from $34.16 to $39.53. The stock price saw one of its best stretches over the last year between October 20, 2011 and October 28, 2011, when shares rose for seven straight days, increasing 18.1% (+$4.92) over that span. It saw one of its worst periods between February 21, 2012 and February 29, 2012 when shares fell for seven straight days, dropping 2.7% (-$1.11) over that span.

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

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