Illinois Tool Works Inc reports results for the quarter ended in December - Earnings Summary

Illinois Tool Works

01/02/2024 14:02

* Illinois Tool Works Inc  ITW.N  reported quarterly
adjusted
earnings of $2.42​​ per share for the quarter ended in December,
lower than the same quarter last year, when the company reported
EPS of $2.95.  The mean expectation of seventeen analysts for
the quarter was for earnings of $2.41 per share. Wall Street
expected results to range from $2.34  to $2.46 per share.
    * Revenue rose 0.3% to $3.98 billion from a year ago;
analysts
expected $4.01 billion. 
    * Illinois Tool Works Inc's reported EPS for the quarter was
$2.38​.
    * The company reported quarterly net income of $717 million.
    * Illinois Tool Works Inc shares had fallen by 0.4% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.2%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * 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 average consensus recommendation for the consumer
goods
conglomerates peer group is also "hold"

Wall Street's median 12-month price target for Illinois Tool
Works Inc is $239.50 
This summary was machine generated from LSEG data February 1 at
02:00 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      2.41           2.42           Beat
 Sep. 30 2023      2.46           2.55           Beat
 Jun. 30 2023      2.39           2.48           Beat
 Mar. 31 2023      2.23           2.33           Beat