Illinois Tool Works Earnings: Your Sneak Peek to the Big Announcement

Illinois Tool Works (NYSE:ITW) will report earnings before markets open on Tuesday, July 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 $1.10 per share on revenues of $4.29 billion. Currently, the company’s P/E ratio stands at 12.14.

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 $1.15 to a profit $1.13. For the current year, the average estimate is a profit of $4.23, which is worse than the estimate ninety days ago.

Earnings Trends:

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

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 15,869 13,877 15,870 17,787 17,924
Diluted EPS ($) 2.91 1.89 3.03 4.19 6.06

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

Quarter Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012 Mar. 31, 2013
Revenue ($) in millions 4,655.00 4,501.00 4,221.00 4,009.00
Diluted EPS ($) 1.85 1.12 2.11 0.78

Past Performance:
Illinois Tool Works has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.

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