Ingersoll Rand acquired APSCO, Blutek, and UT Pumps for $135 million. The acquisitions will enhance IR's market share and technology capabilities. IR's shares increased 55.9% in the past year, outperforming industry growth.
- Ingersoll Rand Inc. to report Q1 2024 results on May 2 after market close. - Strong earnings surprise history, with average beat of 15.9% in past four quarters. - Expectations of strong demand, higher orders, and acquisitions driving quarterly results. - Escalating costs and foreign currency headwinds may weigh on bottom line. - Zacks model predicts an earnings beat with Earnings ESP of +1.82% and Zacks Rank #2. Price Impact Rating: Bullish Impact Horizon Rating: Short-term Type: Earnings