U.S. Markets closed
  • S&P 500

    4,141.59
    +13.60 (+0.33%)
     
  • Dow 30

    33,677.27
    -68.13 (-0.20%)
     
  • Nasdaq

    13,996.10
    +146.10 (+1.05%)
     
  • Russell 2000

    2,228.92
    -4.86 (-0.22%)
     
  • Crude Oil

    60.45
    +0.75 (+1.26%)
     
  • Gold

    1,746.20
    +13.50 (+0.78%)
     
  • Silver

    25.41
    +0.54 (+2.16%)
     
  • EUR/USD

    1.1956
    +0.0038 (+0.3228%)
     
  • 10-Yr Bond

    1.6230
    -0.0520 (-3.10%)
     
  • Vix

    16.65
    -0.26 (-1.54%)
     
  • GBP/USD

    1.3749
    +0.0007 (+0.0495%)
     
  • USD/JPY

    109.0500
    -0.3260 (-0.2981%)
     
  • BTC-USD

    63,052.44
    +2,751.97 (+4.56%)
     
  • CMC Crypto 200

    1,352.38
    +58.39 (+4.51%)
     
  • FTSE 100

    6,890.49
    +1.37 (+0.02%)
     
  • Nikkei 225

    29,751.61
    +212.91 (+0.72%)
     

Earnings Outlook For Illinois Tool Works

  • Oops!
    Something went wrong.
    Please try again later.
Benzinga Insights
·2 min read
  • Oops!
    Something went wrong.
    Please try again later.

Illinois Tool Works (NYSE:ITW) announces its next round of earnings this Friday, February 05. Here is Benzinga's everything-that-matters guide for this Friday's Q4 earnings announcement.

What Are Earnings, Net Income, And Earnings Per Share?

Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.

Earnings And Revenue

Wall Street analysts see Illinois Tool Works reporting earnings of $1.79 per share on revenue of $3.33 billion. Illinois Tool Works reported a per-share profit of $1.88 when it published results during the same quarter last year. Sales in that period totaled $3.47 billion.

What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?

Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.

View more earnings on ITW

The analyst consensus estimate would represent a 4.79% decrease in the company's earnings. Revenue would be down 4.01% from the year-ago period. Here is how the company's reported EPS has stacked up against analyst estimates in the past:

EPS Estimate

1.46

0.70

1.71

1.85

EPS Actual

1.83

1.01

1.77

1.88

Revenue Estimate

2.97 B

2.33 B

3.29 B

3.46 B

Revenue Actual

3.31 B

2.56 B

3.23 B

3.47 B

Stock Performance

Shares of Illinois Tool Works were trading at $197.45 as of February 03. Over the last 52-week period, shares are up 7.93%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. Illinois Tool Works is scheduled to hold the call at 11:00:00 ET and can be accessed here.

See more from Benzinga

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.