Analyst Consensus ?
ConsensusBuy15 ratings
Bullish853.3%
Neutral746.7%
Bearish00.0%
Ingersoll Rand Inc. · IR · FY2024 Q3 · Calendar Q4 2024
Ingersoll Rand: Record Orders, but Guidance Trimmed on Timing Delays
The quarter supports a mixed view: record orders, margin expansion, service momentum, digital opportunities, and ongoing M&A provide evidence for durable growth, while trimmed revenue guidance, slower organic growth, order push-outs, and sub-1.0 second-half book-to-bill argue that execution and demand timing remain material tests.
Reported After market closeNYSEIndustrials
$30.90B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.84
Consensus $0.82
EPS surprise
+2.2%
Reported versus consensus
Reported revenue
$1.86B
Consensus $1.87B
Revenue surprise
-0.6%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
-2.1%
Event window
SPY move
+0.4%
Same window
Abnormal move
-2.5%
Stock minus SPY
Volume
2.0×
Versus trailing sessions
Subsequent drift
+11.9%
Up to 20 sessions
IRSPY benchmark
Ask FN2 about IR FY2024 Q3
Transcript, numbers and history already loaded
Why did IR fall 2.1% after beating EPS estimates in FY2024 Q3?What changed in IR's guidance and outlook in FY2024 Q3?Give me the bull and bear case for IR after FY2024 Q3 earnings.
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Transcript intelligence
What changed
Compared with the prior quarter, the narrative shifted from raised full-year guidance and modest organic growth expectations to trimmed revenue guidance and greater emphasis on order timing, MQL conversion, and execution constraints. The company still points to M&A, services, connected assets, water treatment, and sustainable-market products as growth avenues.
Guidance delta
Full-year revenue guidance was trimmed 100 basis points, while organic revenue guidance was reduced 200 basis points because of order-timing delays.
Key takeaways
- Q3 delivered record orders, 9% adjusted EPS growth, and 210 basis points of EBITDA margin expansion.
- Management highlighted service, water-treatment, connected-asset, and sustainable-market opportunities.
- M&A remains a central growth engine, with 15 transactions closed in 2024 and 10 bolt-on letters of intent in the pipeline.
- The main offset was slower organic growth expectations tied to order push-outs and delayed shipments.
Management priorities
- Maintain an active bolt-on M&A pipeline.
- Scale digital services and monetize connected-asset data.
- Expand service and water-treatment offerings globally.
- Continue demand-generation initiatives and commercial-resource investments.
- Launch oil-free compressor products targeting sustainable markets.
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Analyst 52W Price Targets
$78.95Previous close
$50Low
$77.25Average
$110High
Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Oct 14, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Evercore ISI Group | In Line | In Line | Maintain | Aug 11, 2026 |
| Baird | Outperform | Outperform | Maintain | Aug 3, 2026 |
| Stifel | Hold | Hold | Maintain | Jul 20, 2026 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Jun 3, 2026 |
| Wells Fargo | Overweight | Overweight | Maintain | Apr 30, 2026 |
| Citigroup | Buy | Buy | Maintain | Apr 30, 2026 |
| Barclays | Overweight | Overweight | Maintain | Apr 30, 2026 |
| Goldman Sachs | Buy | Buy | Maintain | Dec 12, 2024 |
| CFRA | Hold | Hold | Maintain | Aug 2, 2024 |
| UBS | Buy | Buy | Maintain | Jan 29, 2024 |
| Deutsche Bank | Hold | Hold | Maintain | Apr 12, 2023 |
| Credit Suisse | Neutral | Neutral | Maintain | Nov 4, 2022 |
| Jefferies | Buy | Buy | Maintain | Jul 15, 2022 |
| Wolfe Research | Peer Perform | Outperform | Downgrade | Apr 6, 2022 |
| Vertical Research | Buy | Hold | Upgrade | Jun 17, 2021 |
Named analyst price targets
Upside is calculated against the persisted previous close $78.95. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Morgan Stanley | Christopher Snyder | $87 | $87 | +10.2% | Aug 10, 2026 |
| Stifel Nicolaus | Analyst unavailable | $84 | $82.24 | +6.4% | Jul 20, 2026 |
| Morgan Stanley | Christopher Snyder | $80 | $71.7 | +1.3% | Jun 3, 2026 |
| Evercore ISI | David Raso | $84 | $75.31 | +6.4% | May 11, 2026 |
| Robert W. Baird | Analyst unavailable | $103 | $77.46 | +30.5% | Apr 30, 2026 |
| Barclays | Analyst unavailable | $95 | $77.46 | +20.3% | Apr 30, 2026 |
| Stifel Nicolaus | Analyst unavailable | $90 | $87.69 | +14.0% | Apr 14, 2026 |
| Robert W. Baird | Analyst unavailable | $115 | $98.52 | +45.7% | Feb 17, 2026 |
| Barclays | Analyst unavailable | $111 | $98.52 | +40.6% | Feb 17, 2026 |
| Wells Fargo | Joseph O'Dea | $110 | $98.52 | +39.3% | Feb 17, 2026 |
| Stifel Nicolaus | Nathan Jones | $87 | $87.27 | +10.2% | Jan 23, 2026 |
| Wells Fargo | Joseph O'Dea | $92 | $83.43 | +16.5% | Jan 7, 2026 |
| Stifel Nicolaus | Analyst unavailable | $81 | $79.88 | +2.6% | Dec 16, 2025 |
| Robert W. Baird | Analyst unavailable | $100 | $76.33 | +26.7% | Nov 3, 2025 |
| Stifel Nicolaus | Analyst unavailable | $79 | $77.22 | +0.1% | Oct 20, 2025 |
| Stifel Nicolaus | Analyst unavailable | $78 | $78.6 | -1.2% | Aug 4, 2025 |
| Melius Research | Rob Wertheimer | $93 | $89.02 | +17.8% | Jul 14, 2025 |
| Stifel Nicolaus | Nathan Jones | $77 | $73.37 | -2.5% | Apr 14, 2025 |
| Barclays | Julian Mitchell | $93 | $81.38 | +17.8% | Mar 26, 2025 |
| Barclays | Analyst unavailable | $96 | $85.22 | +21.6% | Mar 10, 2025 |
| Barclays | Julian Mitchell | $115 | $89.16 | +45.7% | Jan 8, 2025 |
| Wells Fargo | Joseph O'Dea | $105 | $89.16 | +33.0% | Jan 7, 2025 |
| Barclays | Julian Mitchell | $105 | $98 | +33.0% | Oct 2, 2024 |
| Morgan Stanley | Chris Snyder | $97 | $87.61 | +22.9% | Sep 6, 2024 |
| Stifel Nicolaus | Nathan Jones | $101 | $87.76 | +27.9% | Aug 2, 2024 |
| Barclays | Julian Mitchell | $101 | $91.23 | +27.9% | Aug 2, 2024 |
| Robert W. Baird | Michael Halloran | $109 | $86.72 | +38.1% | May 6, 2024 |
| Wells Fargo | Analyst unavailable | $60 | $53.22 | -24.0% | Jan 5, 2023 |
| Barclays | Analyst unavailable | $60 | $53.41 | -24.0% | Jan 5, 2023 |
| Jefferies | Stephen Volkmann | $55 | $44.55 | -30.3% | Jul 26, 2022 |
| Deutsche Bank | Analyst unavailable | $50 | $41.04 | -36.7% | Jul 13, 2022 |
| Goldman Sachs | Analyst unavailable | $50 | $41.76 | -36.7% | Jun 23, 2022 |
| Morgan Stanley | Joshua Pokrzywinski | $52 | $49.33 | -34.1% | Jun 7, 2022 |
| Credit Suisse | Analyst unavailable | $52 | $43.8 | -34.1% | May 6, 2022 |
| Goldman Sachs | Joe Ritchie | $68 | $57.1 | -13.9% | Nov 4, 2021 |
| Citigroup | Andrew Kaplowitz | $62 | $52.9 | -21.5% | Sep 3, 2021 |
| Vertical Research | Jeffrey Sprague | $54 | $45.95 | -31.6% | Jun 17, 2021 |
| Evercore ISI | David Raso | $53 | $47.09 | -32.9% | May 12, 2021 |
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Start freeCompany context
Snapshot as of publicationIngersoll Rand Inc., established in 1859 and headquartered in Davidson, North Carolina, delivers essential air, fluid, energy, medical, and specialized vehicle technologies to customers across the United States, Europe, the Middle East, Africa, and the Asia Pacific regions. The company operates through two primary divisions: Industrial Technologies and Services, and Precision and Science Technologies. The Industrial Technologies and Services division is responsible for the design, production, sales, and maintenance of various air and gas compression, vacuum, and blower solutions, alongside fluid handling and loading systems, power tools, and lifting apparatus. This segment also encompasses all related spare parts, consumables, air purification systems, controls, additional accessories, and support services.…
Historical context
All IR earningsIndustrials peers this season
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2024-11-10T18:38:36.707185+00:00
- Polygon adjusted daily market bars · 2026-10-14T05:40:41.536853+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-14T05:40:41.533975+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-14. For educational purposes only; not investment advice.