Illinois Tool Works Earnings: Everything You Must Know Now

Illinois Tool Works Inc. (NYSE:ITW) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 3.34%.

Illinois Tool Works Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 2.7% to $1.08 in the quarter versus EPS of $1.11 in the year-earlier quarter.

Revenue: Decreased 9.37% to $4.22 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Illinois Tool Works Inc. reported adjusted EPS income of $1.08 per share. By that measure, the company missed the mean analyst estimate of $1.10. It missed the average revenue estimate of $4.29 billion.

Key Stats (on next page)…

Revenue increased 5.24% from $4.01 billion in the previous quarter. EPS increased 12.5% from $0.96 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $1.14 to a profit $1.13. For the current year, the average estimate has moved down from a profit of $4.25 to a profit of $4.23 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)