Earnings Preview: Ingersoll-Rand

Ingersoll-Rand (IR) is expected to report Q2 earnings Friday before the open with a conference call scheduled for 10:00 am ET.

Guidance

Analysts are looking for EPS of 89c on revenue of $3.07B. The consensus range is 83c to $1.01 for EPS, and $2.87B to $3.15B for revenue, according to First Call. Ingersoll-Rand gave Q2 and FY08 EPS guidance when it reported its Q1 results. The company expects Q2 EPS of 85c to 90c vs. consensus 89c, and FY08 EPS of 3.80 to $3.90 vs. consensus $3.71.

Analyst Views

In May Ingersoll-Rand was downgraded to Underweight from Equal Weight at Morgan Stanley. The firm downgraded The company citing risk to earnings from commodities and pricing softness.

KeyBanc gave the company a Buy rating on June 26. The firm cited the company's under appreciated "revamped" business portfolio, and notes the potential of the Trane acquisition.