Illinois Tool Works Earnings Preview: Get Ahead of the Analysts

Illinois Tool Works (NYSE:ITW) will report earnings before markets open on Tuesday, April 23rd. Illinois Tool Works Inc. designs and manufactures fasteners and components, equipment and consumable systems, and a variety of specialty products and equipment. The Company’s products include industrial fluids and adhesives, tooling for specialty applications, welding products, and quality measurement equipment and systems. Illinois Tool Works operates worldwide.

Here is your Cheat Sheet to Illinois Tool Works Earnings:

Earnings Expectations: Analysts expect earnings of $0.96 per share on revenues of $4.28 billion. Currently, the company’s P/E ratio stands at 9.98.

Analyst Trends:

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 $1.12. For the current year, the average estimate is a profit of $4.26, which is worse than the estimate ninety days ago.

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Earnings Trends:

Here’s how Illinois Tool Works has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 17,100 13,570 15,420 17,790 17,920
Diluted EPS ($) 2.91 1.94 2.99 4.19 6.06

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 4,320 4,547 4,655 4,501 4,221
Diluted EPS ($) 0.92 1.00 1.85 1.12 2.09

Past Performance:
Illinois Tool Works has beat analyst estimates 3 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

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