Illinois Tool Works Inc expected to post earnings of $2.46 a share - Earnings Preview

Illinois Tool Works

20/10/2023 13:40

* Illinois Tool Works Inc  ITW.N   ITW  is expected to show
a rise
in quarterly revenue when it reports  results on October 24. 
    * The Glenview Illinois-based  company is expected to report
 a
2.1% increase in revenue to $4.094 billion from $4.01 billion a
year ago, according to the mean estimate from 14 analysts, based
on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Illinois Tool Works
Inc
is for earnings of $2.46 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 14
"hold" and 3 "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 $246​, above​ its last closing price of $224.90.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 30 2022  2.25        2.25       2.35      Beat    4.4
 ​​Jun.        2.18        2.20       2.37      Beat    7.6
 30 2022                                                
 Mar. 31 2022  2.06        2.07       2.11      Beat    2.2​
 Dec. 31 2021  1.92        1.90       1.95      Beat    2.5
 Sep. 30 2021  1.99        2.01       1.96      Missed  -2.5
 This summary was machine generated October 20 at 12:40 GMT.  All
figures in US dollars  unless otherwise stated