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Davidson, North Carolina-based Ingersoll Rand Inc. (IR) provides various mission-critical air, gas, liquid, and solid flow creation technologies services and solutions worldwide. With a market cap of $38.9 billion, it operates through the Industrial Technologies and Services (IT&S), and Precision and Science Technologies (P&ST) segments. The industrial sector giant is expected to announce its Q3 earnings after the market closes on Thursday, Oct. 31.
Ahead of the event, analysts expect Ingersoll Rand to report a profit of $0.79 per share, up 5.3% from $0.75 per share reported in the year-ago quarter. Moreover, the company has surpassed Wall Street’s adjusted EPS projections in each of the past four quarters. Its adjusted EPS for the last reported quarter grew 23.1% year-over-year to $0.80, exceeding the consensus estimates by 8.1%.