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

Illinois Tool Works

02/05/2023 14:01

* Illinois Tool Works Inc  ITW.N  reported quarterly
adjusted
earnings of $2.33​​ per share for the quarter ended in March.
The mean expectation of nineteen analysts for the quarter was
for earnings of $2.23 per share.
    * Revenue rose 2% to $4.02 billion from a year ago; analysts
expected $3.98 billion. 
    * Illinois Tool Works Inc's reported EPS for the quarter was
$2.33​.
    * The mean earnings estimate of analysts had risen by
about 1.2%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates 
    * Illinois Tool Works Inc shares had risen by 1.0% this
quarter and gained 11.6% so far this year.
    * The company reported quarterly net income of $714 million.
    * Wall Street's median 12-month price target for Illinois
Tool
Works Inc is $242.50 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 16
"hold" and 4 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
2 at 01:00 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      2.23           2.33           Beat
 Dec. 31 2022      2.58           2.95           Beat
 Sep. 30 2022      2.25           2.35           Beat
 Jun. 30 2022      2.20           2.37           Beat