Ingersoll-Rand Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Ingersoll-Rand Company Limited (NYSE:IR) will unveil its latest earnings on Thursday, October 20, 2011. 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 78 cents per share, a decline of 8.2% 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 98 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 92 cents during the last month. For the year, analysts are projecting profit of $2.73 per share, a rise of 22.4% from last year.

Past Earnings Performance: The company fell short of estimates last quarter after topping forecasts the quarter prior. In the second quarter, it reported net income of 88 cents per share against a mean estimate of 94 cents. Two quarters ago, it beat expectations by 3 cents with profit of 35 cents.

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Wall St. Revenue Expectations: On average, analysts predict $3.89 billion in revenue this quarter, a rise of 4.3% from the year ago quarter. Analysts are forecasting total revenue of $14.77 billion for the year, a rise of 4.9% from last year’s revenue of $14.08 billion.

Analyst Ratings: Analysts seem relatively indifferent about Ingersoll-Rand Company with nine of 17 analysts surveyed maintaining a hold rating.

A Look Back: In the second quarter, profit fell 53% to $92.3 million (26 cents a share) from $196.4 million (58 cents a share) the year earlier, missing analyst expectations. Revenue rose 5.1% to $3.89 billion from $3.7 billion.

Key Stats:

Revenue has risen the past four quarters. Revenue rose 6.3% in the first quarter from the year earlier, climbed 12.3% in the fourth quarter of the last fiscal year from the year-ago quarter and 7.1% in the third 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 July 21, 2011 to October 14, 2011, the stock price had fallen $10.35 (-25.3%) from $40.88 to $30.53. 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% (+$3.53) over that span. It saw one of its worst periods between July 29, 2011 and August 8, 2011 when shares fell for seven-straight days, falling 21.2% (-$7.89) over that span. Shares are down $16.19 (-34.7%) year to date.

(Source: Xignite Financials)

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