|Bid||0.00 x 900|
|Ask||0.00 x 800|
|Day's Range||201.57 - 204.30|
|52 Week Range||115.94 - 207.75|
|Beta (5Y Monthly)||1.16|
|PE Ratio (TTM)||29.62|
|Earnings Date||Oct 23, 2020|
|Forward Dividend & Yield||4.56 (2.26%)|
|Ex-Dividend Date||Sep 29, 2020|
|1y Target Est||184.83|
The coronavirus outbreak-related issues, higher costs and other headwinds are expected to have affected earnings of the majority of industrial stocks in Q3. Let's see how AIMC, B & ITW are likely to fare.
On Friday, October 23, Illinois Tool Works (NYSE: ITW) will release its latest earnings report. Check out Benzinga's preview to understand the implications.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 Analysts predict Illinois Tool Works will report earnings of $1.46 per share on revenue of $2.97 billion. Illinois Tool Works reported a per-share profit of $2.04 when it published results during the same quarter last year. Sales in that period totaled $3.48 billion.Why Analyst Estimates And Earnings Surprises Are Important Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the "consensus estimates." A company posting earnings or revenue above or below the consensus estimate is known as an "earnings surprise" and may move the stock by a considerable margin.View more earnings on ITWThe analyst consensus estimate would represent a 28.43% decline in the company's EPS figure. Revenue would have fallen 14.63% from the same quarter last year. Here is how the Illinois Tool Works's reported EPS has stacked up against analyst estimates in the past:Quarter Q2 2020 Q1 2020 Q4 2020 Q3 2019 EPS Estimate 0.70 1.71 1.85 1.94 EPS Actual 1.01 1.77 1.88 2.04 Revenue Estimate 2.33 B 3.29 B 3.46 B 3.54 B Revenue Actual 2.56 B 3.23 B 3.47 B 3.48 B Stock Performance Shares of Illinois Tool Works were trading at $202.7 as of October 21. Over the last 52-week period, shares are up 18.12%. 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 10:00:00 ET and can be accessed here.See more from Benzinga * Options Trades For This Crazy Market: Get Benzinga Options to Follow High-Conviction Trade Ideas * Stocks That Hit 52-Week Highs On Friday * Stocks That Hit 52-Week Highs On Monday(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Illinois Tool (ITW) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.