Ingersoll-Rand plc (Ireland) ($IR) Stock Forecast: Down 2.8% Today

What is Ingersoll-Rand plc (Ireland)?

Ingersoll-Rand (India) is a company that experienced a significant bearish movement in the stock market today.

Why is Ingersoll-Rand plc (Ireland) going down?

IR stock is down 2.8% on Jun 3, 2024 14:44

• Ingersoll-Rand's stock price declined due to a 4.82% decrease in net profit and net sales in Q4 March 2024 compared to the same period last year.
• An increase in total expenses by 5.31% year over year also impacted the stock negatively.
• The stock price fell by 4.11% in response to the disappointing Q4 results.
• Investor disappointment in the company's performance was a key factor in the bearish movement of Ingersoll-Rand's stock.

IR Price Chart

IR News

Ingersoll-Rand slides after Q4 PAT drops 5% to Rs 64 cr

Ingersoll-Rand ( India ) declined 4.11% to Rs 4,342.80 after the company's net profit fell 4.82% to Rs 63.87 crore on 4.82% decrease in net sales to Rs 303.64 crore in Q4 March 2024 over Q4 March 2023. Total expenses increased 5.31% YoY to Rs 230.05 crore in quarter ended 31 March 2024.

https://www.business-standard.com/markets/capital-market-news/ingersoll-rand-slides-after-q4-pat-drops-5-to-rs-64-cr-124052801443_1.html

Q4 results today: IRCTC, Linde, Prestige Estates & Aditya Birla Fashion among 30 companies to report earnings on May 28

Q4 results on May 28: General Insurance Corporation of India, EIH, ITI, Aditya Birla Fashion and Retail, Brigade Enterprises, NBCC, Rites, Engineers India, Ingersoll-Rand (India), PTC Industries, and MMTC, are also among the 30 companies that will announce their Q4 earnings today.

https://www.livemint.com/market/stock-market-news/q4-results-today-irctc-linde-prestige-estates-aditya-birla-fashion-gic-among-30-companies-to-report-earnings-on-may-28-11716867825601.html

Trending Today

Ethereum ($ETH) Crypto Forecast: Up 5.5% Today

Bonk ($BONK) Crypto Forecast: Up 6.1% Today

Solana ($SOL) Crypto Forecast: Up 9.0% Today

Worldcoin ($WLD) Crypto Forecast: Up 5.2% Today

Avalanche ($AVAX) Crypto Forecast: Up 9.9% Today

Jupiter ($JUP) Crypto Forecast: Up 13.4% Today

Chainlink ($LINK) Crypto Forecast: Up 5.4% Today

Memecoin ($MEME) Crypto Forecast: Up 5.4% Today

NEO ($NEO) Crypto Forecast: Up 5.3% Today

Nervos Network ($CKB) Crypto Forecast: Down 5.3% Today

Ingersoll-Rand plc (Ireland) Price History

03.05.2024 - IR Stock was down 2.8%

• Ingersoll-Rand's stock price declined due to a 4.82% decrease in net profit and net sales in Q4 March 2024 compared to the same period last year.
• An increase in total expenses by 5.31% year over year also impacted the stock negatively.
• The stock price fell by 4.11% in response to the disappointing Q4 results.
• Investor disappointment in the company's performance was a key factor in the bearish movement of Ingersoll-Rand's stock.

02.10.2023 - IR Stock was up 5.7%

• Ingersoll Rand's Q3 earnings rose by 24.2% year-over-year, exceeding expectations and beating Street estimates.
• The company increased its adjusted earnings guidance for 2023, indicating positive future prospects.
• The solid demand, pricing actions, and contributions from acquisitions are expected to have a positive impact on Ingersoll Rand's Q3 results.
• The positive performance of Ingersoll Rand may have been influenced by the overall positive sentiment in the industrial technologies sector, as indicated by the inclusion of other companies like Emerson Electric, Stanley Black & Decker, and Zebra Technologies in the analyst blog.

03.04.2024 - IR Stock was down 6.6%

• Despite strong Q1 earnings surpassing expectations and achieving record revenues, IR stock saw a decline in value.
• Market concerns may relate to decreased orders and the impact of high operating costs on profit margins.
• A shift from a buy to a hold rating by a financial analysis platform could have influenced the bearish trend.
• Investors may be apprehensive about IR's capacity to maintain growth amidst challenges like reduced orders and operating costs affecting profitability.

03.04.2024 - IR Stock was down 6.5%

• In spite of exceeding market expectations and accomplishing remarkable first-quarter results in terms of revenue, Adjusted EBITDA, and Adjusted EPS, Ingersoll Rand Inc. experienced a notable decline in its stock value.
• Investor apprehensions arose due to the company's reported decrease in orders by 4%, higher operational expenses impacting profit margins, and stagnant organic revenue growth.
• Although the financial metrics were notable, investors seemed to have honed in on the modest decrease in organic growth and potential margin constraints from operational costs, leading to the decrease in IR's stock value.
• The contrast with similar value stocks such as FLS may have played a role in influencing investor sentiment and contributing to the downtrend in Ingersoll Rand's stock performance.

18.09.2023 - IR Stock was down 5.1%

• The bearish movement in IR's stock today can be attributed to several factors:
• 1. Market Sentiment: Despite the overall stability in the market, there may be a general bearish sentiment towards industrial stocks, leading to a decline in IR's stock price.
• 2. Profit-Taking: IR's stock may have experienced a bearish movement due to investors taking profits after a period of strong performance. This could be a result of the stock reaching a resistance level or investors deciding to lock in gains.
• 3. Technical Factors: The improvement in IR's Composite Rating mentioned in an article from Investors Business Daily may have initially boosted investor confidence. However, it is possible that the stock was overbought, leading to a correction and subsequent bearish movement.
• 4. Industry-Specific News: There might be industry-specific news or events that negatively impacted IR's stock. However, based on the provided articles, there is no clear indication of such news affecting the stock's performance.
• Overall, the bearish movement in IR's stock today could be a combination of market sentiment, profit-taking, and technical factors. It is important for investors to closely monitor the stock's performance and consider these factors when making trading decisions.