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Barchart
Sristi Jayaswal

What You Need to Know Ahead of Ingersoll Rand's Earnings Release

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 $40.3 billion, Ingersoll Rand operates through Industrial Technologies and Services, and Precision and Science Technologies segments. It is expected to announce its Q2 earnings after the market closes on Wednesday, July 31.

Ahead of the event, analysts expect Ingersoll Rand to report a profit of $0.74 per share, up 13.9% from $0.65 per share reported in the year-ago quarter. The company has consistently surpassed Wall Street’s EPS estimates over the past four quarters. Its EPS for the last reported quarter grew 20.6% to $0.76, exceeding the consensus estimates by 13.4%.

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