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Illinois Tool Works (ITW) Beats Q3 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 $53.4 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 2.55%. The earnings estimate for the third-quarter 2017 is stable at $1.66 per share.
Illinois Tool Works Inc. Price, Consensus and EPS Surprise
Currently, Illinois Tool Works has a Zacks Rank #2 (Buy), but that could definitely change after the release of third-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 $1.71 per share in third-quarter of 2017. The bottom line result surpassed the Zacks Consensus Estimate of $1.65 per share.
Revenue: Revenues surpassed. Illinois Tool Works generated revenues of $3,615 million, slightly above the Zacks Consensus Estimate of $3.58 billion.
Key Stats to Note: Illinois Tool Works’ operating margin in the third quarter grew 130 basis points (bps) year over year to 24.4%. Enterprise initiatives added 110 bps to operating margin growth. The company raised its 2017 GAAP earnings guidance by 25 cents per share to $6.62-$6.72 per share.
Stock Price: Illinois Tool Works shares were up 1.01% ahead of the report.
Check back our full write up on this ITW earnings report later!
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With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
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Illinois Tool Works (ITW) Beats Q3 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 $53.4 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 2.55%. The earnings estimate for the third-quarter 2017 is stable at $1.66 per share.
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 #2 (Buy), but that could definitely change after the release of third-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 $1.71 per share in third-quarter of 2017. The bottom line result surpassed the Zacks Consensus Estimate of $1.65 per share.
Revenue: Revenues surpassed. Illinois Tool Works generated revenues of $3,615 million, slightly above the Zacks Consensus Estimate of $3.58 billion.
Key Stats to Note: Illinois Tool Works’ operating margin in the third quarter grew 130 basis points (bps) year over year to 24.4%. Enterprise initiatives added 110 bps to operating margin growth. The company raised its 2017 GAAP earnings guidance by 25 cents per share to $6.62-$6.72 per share.
Stock Price: Illinois Tool Works shares were up 1.01% ahead of the report.
Check back our full write up on this ITW earnings report later!
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
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