- Illinois Tool Works (NYSE:ITW) is scheduled to announce Q2 earnings results on Friday, July 30th, before market open.
- The consensus EPS Estimate is $2.09 and the consensus Revenue Estimate is $3.56B (+39.1% Y/Y).
- Revenue bifurcation: Automotive revenue estimate $727.1M; Specialty products revenue estimate $464.6M; Test & measurement and electronics revenue estimate $564.3M; Food equipment revenue estimate $477.3M; Polymers & fluids revenue estimate $445.7M; Welding revenue estimate $398.1M
- Capital expenditure estimate $73.3M
- Over the last 1 year, ITW has beaten EPS estimates 75% of the time and has beaten revenue estimates 25% of the time.
- Over the last 3 months, EPS estimates have seen 12 upward revisions and 0 downward. Revenue estimates have seen 12 upward revisions and 1 downward.
- A quick review of the stock by contributor 'Illinois Tool Works: Q2 Portfolio Review'
- Stock beat expectations during the last quarter with a 19% growth in operating income.