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Illinois Tool Works (ITW) Beats Q1 Earnings and Revenues
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Illinois Tool Works Inc. (ITW - Free Report) is a worldwide manufacturer of highly engineered products and specialty systems. The company’s diversified range of industrial products and equipment are sold in 57 countries. It currently has a $46.6 billion market capitalization.
Despite a long-term growth potential, this industrial tool maker faces risks from global uncertainties, industry rivalry and adverse foreign currency movements. Investors are eagerly waiting for the company’s latest earnings report.
Illinois Tool Works recorded better-than-expected results in the four trailing quarters, with an average positive earnings surprise of 2.20%. The earnings estimate for the first-quarter 2017 has increased 0.7% to $1.45 per share over the last 60 days.
Illinois Tool Works Inc. Price, Consensus and EPS Surprise
Currently, Illinois Tool Works has a Zacks Rank #3 (Hold), but that could definitely change after the release of first-quarter 2017 earnings report. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Illinois Tool Works’ earnings came in at $1.54 per share in first-quarter of 2017. The bottom line result surpassed the Zacks Consensus Estimate of $1.45 per share.
Revenue: Revenues surpassed. Illinois Tool Works generated revenues of $3.47 billion, above the Zacks Consensus Estimate of $3.40 billion.
Key Stats to Note: Illinois Tool Works’ operating margin in the first quarter grew 170 basis points (bps) year over year to 23.8%. Enterprise initiatives added 170 bps to operating margin growth. The company raised its 2017 earnings guidance to $6.20−$6.40 per share from the previous projection of $6.00−$6.20 per share. Organic revenue growth is expected to be within 2−4% range versus the earlier forecast of 1.5−3.5% range.
Stock Price: Illinois Tool Works shares were up 0.22% ahead of the report.
Check back our full write up on this ITW earnings report later!
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Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.
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Illinois Tool Works (ITW) Beats Q1 Earnings and Revenues
Illinois Tool Works Inc. (ITW - Free Report) is a worldwide manufacturer of highly engineered products and specialty systems. The company’s diversified range of industrial products and equipment are sold in 57 countries. It currently has a $46.6 billion market capitalization.
Despite a long-term growth potential, this industrial tool maker faces risks from global uncertainties, industry rivalry and adverse foreign currency movements. Investors are eagerly waiting for the company’s latest earnings report.
Illinois Tool Works recorded better-than-expected results in the four trailing quarters, with an average positive earnings surprise of 2.20%. The earnings estimate for the first-quarter 2017 has increased 0.7% to $1.45 per share over the last 60 days.
Illinois Tool Works Inc. Price, Consensus and EPS Surprise
Illinois Tool Works Inc. Price, Consensus and EPS Surprise | Illinois Tool Works Inc. Quote
Currently, Illinois Tool Works has a Zacks Rank #3 (Hold), but that could definitely change after the release of first-quarter 2017 earnings report. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Illinois Tool Works’ earnings came in at $1.54 per share in first-quarter of 2017. The bottom line result surpassed the Zacks Consensus Estimate of $1.45 per share.
Revenue: Revenues surpassed. Illinois Tool Works generated revenues of $3.47 billion, above the Zacks Consensus Estimate of $3.40 billion.
Key Stats to Note: Illinois Tool Works’ operating margin in the first quarter grew 170 basis points (bps) year over year to 23.8%. Enterprise initiatives added 170 bps to operating margin growth. The company raised its 2017 earnings guidance to $6.20−$6.40 per share from the previous projection of $6.00−$6.20 per share. Organic revenue growth is expected to be within 2−4% range versus the earlier forecast of 1.5−3.5% range.
Stock Price: Illinois Tool Works shares were up 0.22% ahead of the report.
Check back our full write up on this ITW earnings report later!
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>