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Illinois Tool Works (ITW) Beats Q4 Earnings, Matches Sales
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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 $44.6 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 2.25%. The earnings estimate for the fourth-quarter 2016 has decreased 0.7% to $1.37 per share over the last 60 days.
Currently, Illinois Tool Works has a Zacks Rank #2 (Buy), but that could definitely change after the release of fourth-quarter 2016 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 $1.39 per share in fourth-quarter of 2016. The bottom line result surpassed the Zacks Consensus Estimate of $1.37 per share.
Revenue: Revenues in line. Illinois Tool Works generated revenues of $3.40 billion, in line with the Zacks Consensus Estimate of $3.40 billion.
Key Stats to Note: Illinois Tool Works’ operating margin in the fourth quarter grew 150 basis points (bps) year over year to 22.2%. Enterprise initiatives added 130 bps to operating margin growth. The company reaffirmed its 2017 earnings guidance at $6.00−$6.20 per share. Organic revenue growth is expected to be within 1.5−3.5% range.
Stock Price: Illinois Tool Works shares were up 2.43% ahead of the report.
Check back our full write up on this ITW earnings report later!
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Illinois Tool Works (ITW) Beats Q4 Earnings, Matches Sales
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 $44.6 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 2.25%. The earnings estimate for the fourth-quarter 2016 has decreased 0.7% to $1.37 per share over the last 60 days.
Illinois Tool Works Inc. Price and EPS Surprise
Illinois Tool Works Inc. Price 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 fourth-quarter 2016 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 $1.39 per share in fourth-quarter of 2016. The bottom line result surpassed the Zacks Consensus Estimate of $1.37 per share.
Revenue: Revenues in line. Illinois Tool Works generated revenues of $3.40 billion, in line with the Zacks Consensus Estimate of $3.40 billion.
Key Stats to Note: Illinois Tool Works’ operating margin in the fourth quarter grew 150 basis points (bps) year over year to 22.2%. Enterprise initiatives added 130 bps to operating margin growth. The company reaffirmed its 2017 earnings guidance at $6.00−$6.20 per share. Organic revenue growth is expected to be within 1.5−3.5% range.
Stock Price: Illinois Tool Works shares were up 2.43% ahead of the report.
Check back our full write up on this ITW earnings report later!
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? As of early December, the 2016 Top 10 produced 5 double-digit winners including oil and natural gas giant Pioneer Natural Resources which racked up a stellar +50% gain. The new list is painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. Be among the very first to see it>>