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 $41.1 billion market capitalization.
Despite a long-term growth potential, this industrial tool maker faces risks from global uncertainties, industry rivalry, adverse foreign currency movements and depressed industrial activities. 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 2.63%. The earnings estimate for the third-quarter 2016 remained stable over the last 60 days.
Currently, Illinois Tool Works has a Zacks Rank #3 (Hold), but that could definitely change after the release of third-quarter 2016 earnings report. You can see the complete list of today’s Zacks #1 Rank stocks here. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Illinois Tool Works’ earnings came in at $1.50 per share in third-quarter of 2016. The bottom line result surpassed the Zacks Consensus Estimate of $1.49 per share.
Revenue: Revenues marginally surpassed. Illinois Tool Works generated revenues of $3.50 billion, slightly above the Zacks Consensus Estimate of $3.49 billion.
Key Stats to Note: Illinois Tool Works’ operating margin in the third quarter grew 40 basis points (bps) year over year to 23.1%. Enterprise initiatives added 120 bps to operating margin growth. The company increased its 2016 earnings guidance to $5.56−$5.66 per share from $5.50−$5.70 expected earlier. Organic revenue growth is expected to be within 1−2% range.
Stock Price: Illinois Tool Works shares were up 0.56% ahead of the report.
Check back our full write up on this ITW earnings report later!
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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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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 $41.1 billion market capitalization.
Despite a long-term growth potential, this industrial tool maker faces risks from global uncertainties, industry rivalry, adverse foreign currency movements and depressed industrial activities. 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 2.63%. The earnings estimate for the third-quarter 2016 remained stable over the last 60 days.
Currently, Illinois Tool Works has a Zacks Rank #3 (Hold), but that could definitely change after the release of third-quarter 2016 earnings report. You can see the complete list of today’s Zacks #1 Rank stocks here. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Illinois Tool Works’ earnings came in at $1.50 per share in third-quarter of 2016. The bottom line result surpassed the Zacks Consensus Estimate of $1.49 per share.
Revenue: Revenues marginally surpassed. Illinois Tool Works generated revenues of $3.50 billion, slightly above the Zacks Consensus Estimate of $3.49 billion.
Key Stats to Note: Illinois Tool Works’ operating margin in the third quarter grew 40 basis points (bps) year over year to 23.1%. Enterprise initiatives added 120 bps to operating margin growth. The company increased its 2016 earnings guidance to $5.56−$5.66 per share from $5.50−$5.70 expected earlier. Organic revenue growth is expected to be within 1−2% range.
Stock Price: Illinois Tool Works shares were up 0.56% ahead of the report.
Check back our full write up on this ITW earnings report later!
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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