Illinois Tool Works Inc expected to post earnings of $2.48 a share - Earnings Preview

Illinois Tool Works

26/07/2024 14:18

* Illinois Tool Works Inc  ITW.N   ITW  is expected to show
a rise
in quarterly revenue when it reports  results on July 30 for the
period ending June 30 2024
    * The Glenview Illinois-based  company is expected to report
a
0.1% increase in revenue to $4.08 billion from $4.07 billion a
year ago, according to the mean estimate from 16 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 $2.48 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 11
"hold" and 6 "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 $248.00​, above​ its last closing price of $243.83.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  2.36        2.36       2.44      Beat    3.5
 Dec. 31 2024  2.42        2.41       2.42      Beat    0.3
 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.        2.24        2.23       2.33      Beat    4.7
 31 2023                                                
 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. 30 2022  2.18        2.20       2.37      Beat    7.6
 This summary was machine generated July 26 at 13:18 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)