Illinois Tool Works Inc expected to post earnings of $2.39 a share - Earnings Preview

Illinois Tool Works

28/07/2023 14:45

* Illinois Tool Works Inc  ITW.N   ITW  is expected to show
a rise
in quarterly revenue when it reports  results on August 1. 
    * The Glenview Illinois-based  company is expected to report
 a
3.1% increase in revenue to $4.133 billion from $4.01 billion a
year ago, according to the mean estimate from 15 analysts, based
on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Illinois Tool Works
Inc
is for earnings of $2.39 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 15
"hold" and 4 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Illinois
Tool
Works Inc is $245​, below​ its last closing price of $255.61.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  2.24        2.23       2.33      Beat    4.7
 Dec. 31 2023  2.58        2.58       2.95      Beat    14.5
 Sep. 30 2022  2.25        2.25       2.35      Beat    4.4​
 Jun. 30 2022  2.18        2.20       2.37      Beat    7.6
 ​​Mar.        2.06        2.07       2.11      Beat    2.2
 31 2022                                                
 Dec. 31 2021  1.92        1.90       1.95      Beat    2.5​
 Sep. 30 2021  1.99        2.01       1.96      Missed  -2.5
 Jun. 30 2021  2.11        2.09       2.10      Beat    0.7
 This summary was machine generated July 28 at 13:45 GMT.  All
figures in US dollars  unless otherwise stated