Illinois Tool Works Inc reports results for the quarter ended in January 1 - Earnings Summary

Illinois Tool Works

30/10/2024 15:12

* Illinois Tool Works Inc  ITW.N  reported quarterly
adjusted
earnings of $2.65​​ per share for the quarter ended January 1,
higher than the same quarter last year, when the company
reported EPS of $2.55.  The mean expectation of
eighteen analysts for the quarter was for earnings of $2.53 per
share. Wall Street expected results to range from $2.43 
to $2.67 per share.
    * Revenue fell 1.6% to $3.97 billion from a year ago;
analysts
expected $4.02 billion. 
    * Illinois Tool Works Inc's reported EPS for the quarter was
$3.91​.
    * The company reported quarterly net income of $1.16
billion.
    * Illinois Tool Works Inc shares had fallen by 2.3% this
quarter and lost 2.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.1%
in the last three months.​ 
    * In the last 30 days, six analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 13
"hold" and 5 "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 250.00 
This summary was machine generated from LSEG data October 30 at
03:11 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
 Sep. 30 2024      2.53           2.65           Beat
 Jun. 30 2024      2.48           2.54           Beat
 Mar. 31 2024      2.36           2.44           Beat
 Dec. 31 2023      2.41           2.42           Beat