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Seeking Clues to Illinois Tool Works (ITW) Q3 Earnings? A Peek Into Wall Street Projections for Key Metrics
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The upcoming report from Illinois Tool Works (ITW - Free Report) is expected to reveal quarterly earnings of $2.99 per share, indicating an increase of 6.4% compared to the year-ago period. Analysts forecast revenues of $4.26 billion, representing an increase of 5% year over year.
Over the last 30 days, there has been a downward revision of 1.1% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
That said, let's delve into the average estimates of some Illinois Tool Works metrics that Wall Street analysts commonly model and monitor.
Analysts' assessment points toward 'Operating Revenues- Test & Measurement and Electronics' reaching $771.55 million. The estimate suggests a change of +10.5% year over year.
It is projected by analysts that the 'Operating Revenues- Construction Products' will reach $479.50 million. The estimate indicates a change of +1.4% from the prior-year quarter.
Analysts predict that the 'Operating Revenues- Food Equipment' will reach $705.69 million. The estimate suggests a change of +1.7% year over year.
Based on the collective assessment of analysts, 'Operating Revenues- Specialty Products' should arrive at $461.40 million. The estimate indicates a year-over-year change of +2.1%.
The average prediction of analysts places 'Operating Revenues- Automotive OEM' at $832.58 million. The estimate indicates a year-over-year change of +0.3%.
According to the collective judgment of analysts, 'Operating Revenues- Welding' should come in at $526.48 million. The estimate points to a change of +10.4% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Operating Revenues- Polymers & Fluids' of $470.15 million. The estimate suggests a change of +6.6% year over year.
The consensus estimate for 'Operating Revenue - Automotive OEM - Organic growth' stands at 0.5%. Compared to the present estimate, the company reported 5.0% in the same quarter last year.
Analysts forecast 'Operating Income- Automotive OEM' to reach $187.63 million. The estimate is in contrast to the year-ago figure of $182.00 million.
The combined assessment of analysts suggests that 'Operating Income- Food Equipment' will likely reach $210.71 million. Compared to the current estimate, the company reported $202.00 million in the same quarter of the previous year.
Analysts expect 'Operating Income- Test & Measurement and Electronics' to come in at $202.74 million. The estimate compares to the year-ago value of $177.00 million.
The consensus among analysts is that 'Operating Income- Specialty Products' will reach $150.95 million. The estimate compares to the year-ago value of $146.00 million.
Shares of Illinois Tool Works have experienced a change of +1.2% in the past month compared to an unchanged Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), ITW is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Seeking Clues to Illinois Tool Works (ITW) Q3 Earnings? A Peek Into Wall Street Projections for Key Metrics
The upcoming report from Illinois Tool Works (ITW - Free Report) is expected to reveal quarterly earnings of $2.99 per share, indicating an increase of 6.4% compared to the year-ago period. Analysts forecast revenues of $4.26 billion, representing an increase of 5% year over year.
Over the last 30 days, there has been a downward revision of 1.1% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
That said, let's delve into the average estimates of some Illinois Tool Works metrics that Wall Street analysts commonly model and monitor.
Analysts' assessment points toward 'Operating Revenues- Test & Measurement and Electronics' reaching $771.55 million. The estimate suggests a change of +10.5% year over year.
It is projected by analysts that the 'Operating Revenues- Construction Products' will reach $479.50 million. The estimate indicates a change of +1.4% from the prior-year quarter.
Analysts predict that the 'Operating Revenues- Food Equipment' will reach $705.69 million. The estimate suggests a change of +1.7% year over year.
Based on the collective assessment of analysts, 'Operating Revenues- Specialty Products' should arrive at $461.40 million. The estimate indicates a year-over-year change of +2.1%.
The average prediction of analysts places 'Operating Revenues- Automotive OEM' at $832.58 million. The estimate indicates a year-over-year change of +0.3%.
According to the collective judgment of analysts, 'Operating Revenues- Welding' should come in at $526.48 million. The estimate points to a change of +10.4% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Operating Revenues- Polymers & Fluids' of $470.15 million. The estimate suggests a change of +6.6% year over year.
The consensus estimate for 'Operating Revenue - Automotive OEM - Organic growth' stands at 0.5%. Compared to the present estimate, the company reported 5.0% in the same quarter last year.
Analysts forecast 'Operating Income- Automotive OEM' to reach $187.63 million. The estimate is in contrast to the year-ago figure of $182.00 million.
The combined assessment of analysts suggests that 'Operating Income- Food Equipment' will likely reach $210.71 million. Compared to the current estimate, the company reported $202.00 million in the same quarter of the previous year.
Analysts expect 'Operating Income- Test & Measurement and Electronics' to come in at $202.74 million. The estimate compares to the year-ago value of $177.00 million.
The consensus among analysts is that 'Operating Income- Specialty Products' will reach $150.95 million. The estimate compares to the year-ago value of $146.00 million.
View all Key Company Metrics for Illinois Tool Works here>>>Shares of Illinois Tool Works have experienced a change of +1.2% in the past month compared to an unchanged Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), ITW is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .