Illinois Tool Works Inc expected to post earnings of $2.41 a share - Earnings Preview

Illinois Tool Works

30/01/2024 13:02

* Illinois Tool Works Inc  ITW.N   ITW  is expected to show
a rise
in quarterly revenue when it reports  results on February 1 for
the period ending December 31 2023
    * The Glenview Illinois-based  company is expected to report
a
0.9% increase in revenue to $4.007 billion from $3.97 billion a
year ago, according to the mean estimate from 15 analysts, based
on LSEG data. (Revenue is on Operating Revenue basis)
    * ​LSEG's mean analyst estimate for Illinois Tool Works Inc
is for
earnings of $2.41 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 12
"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 $239.50​, below​ its last closing price of $264.18.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  2.46        2.46       2.55      Beat    3.8
 Jun. 30 2023  2.40        2.39       2.48      Beat    3.6
 Mar. 31 2023  2.24        2.23       2.33      Beat    4.7​
 Dec. 31 2022  2.58        2.58       2.95      Beat    14.5
 ​​Sep.        2.25        2.25       2.35      Beat    4.4
 30 2022                                                
 Jun. 30 2022  2.18        2.20       2.37      Beat    7.6​
 Mar. 31 2022  2.06        2.07       2.11      Beat    2.2
 Dec. 31 2021  1.92        1.90       1.95      Beat    2.5
 This summary was machine generated January 30 at 13:02 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)