Ingersoll-Rand plc Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Ingersoll-Rand plc (NYSE:IR) will unveil its latest earnings on Thursday, July 21, 2011. Ingersoll-Rand PLC 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 plc Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 94 cents per share, a rise of 17.5% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 93 cents. For the year, analysts are projecting net income of $3.10 per share, a rise of 39% from last year.

Past Earnings Performance: The company topped estimates last quarter after missing forecasts the quarter prior. In the first quarter, it reported profit of 35 cents per share against a mean estimate of net income of 32 cents per share. In the fourth quarter of the last fiscal year, it missed forecasts by 3 cents.

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Wall St. Revenue Expectations: On average, analysts predict $3.87 billion in revenue this quarter, a rise of 4.6% from the year ago quarter. Analysts are forecasting total revenue of $14.85 billion for the year, a rise of 5.5% from last year’s revenue of $14.08 billion.

Analyst Ratings: Analysts are bullish on this stock with 12 analysts rating it as a buy, one rating it as a sell and six rating it as a hold.

Key Stats:

Revenue has risen the past four quarters. Revenue increased 6.3% to $3.14 billion in first quarter. The figure rose 12.3% in the fourth quarter of the last fiscal year from the year earlier, climbed 7.1% in the third quarter of the last fiscal year from the year-ago quarter and 6.6% in the second quarter of the last fiscal year.

Ingersoll-Rand plc’s loss in the latest quarter follows profits in the previous three quarters. The company reported a loss of of $77.6 million in the first quarter, a profit of $212.1 million in the fourth quarter of the last fiscal year, a profit of $232.2 million in the third of the last fiscal year and a profit of $196.4 million in the second quarter of the last fiscal year.

Competitors to Watch:¬†Lennox International Inc. (NYSE:LII), Standex Int’l Corp. (NYSE:SXI), AAON, Inc. (NASDAQ:AAON), Lennox International (NYSE:LII), Honeywell International (NYSE:HON), General Electric Company (NYSE:GE), Johnson Controls Inc. (NYSE:JCI)¬†and Refrigeration Electrical Engineering (AMEX:REE).

Stock Price Performance: During May 18, 2011 to July 15, 2011, the stock price had fallen $4.33 (-8.8%) from $49.08 to $44.75. The stock price saw one of its best stretches over the last year between December 8, 2010 and December 21, 2010 when shares rose for 10-straight days, rising 8.2% (+$3.54) over that span. It saw one of its worst periods between January 12, 2011 and January 21, 2011 when shares fell for seven-straight days, falling 3.3% (-$1.56) over that span. Shares are down $2.14 (-4.6%) year to date.

(Source: Xignite Financials)

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