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

Illinois Tool Works

24/10/2023 14:02

* Illinois Tool Works Inc  ITW.N  reported quarterly
adjusted
earnings of $2.55​​ per share for the quarter ended in
September. The mean expectation of seventeen analysts for the
quarter was for earnings of $2.46 per share.
    * Revenue rose 0.5% to $4.03 billion from a year ago;
analysts
expected $4.09 billion. 
    * Illinois Tool Works Inc's reported EPS for the quarter was
$2.55​.
    * The mean earnings estimate of analysts had risen by
about 0.1%
in the last three months.​ 
    * In the last 30 days, seven analysts negatively revised
earnings
estimates 
    * Illinois Tool Works Inc shares had fallen by 3.4% this
quarter and gained 1.0% so far this year.
    * The company reported quarterly net income of $772 million.
    * Wall Street's median 12-month price target for Illinois
Tool
Works Inc is $246.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 14
"hold" and 3 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
October 24 at 01:02 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      2.46           2.55           Beat
 Jun. 30 2023      2.39           2.48           Beat
 Mar. 31 2023      2.23           2.33           Beat
 Dec. 31 2022      2.58           2.95           Beat