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

Illinois Tool Works

01/08/2023 14:01

* Illinois Tool Works Inc  ITW.N  reported quarterly
adjusted
earnings of $2.48​​ per share for the quarter ended in June. The
mean expectation of nineteen analysts for the quarter was
for earnings of $2.39 per share.
    * Revenue rose 1.6% to $4.07 billion from a year ago;
analysts
expected $4.13 billion. 
    * Illinois Tool Works Inc's reported EPS for the quarter was
$2.48​.
    * The mean earnings estimate of analysts had fallen by
about 0.3%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * Illinois Tool Works Inc shares had risen by 5.3% this
quarter and gained 19.5% so far this year.
    * The company reported quarterly net income of $754 million.
    * Wall Street's median 12-month price target for Illinois
Tool
Works Inc is $245.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 15
"hold" and 4 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 1 at 01:01 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      2.39           2.48           Beat
 Mar. 31 2023      2.23           2.33           Beat
 Dec. 31 2022      2.58           2.95           Beat
 Sep. 30 2022      2.25           2.35           Beat