Illinois Tool Works's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
Illinois Tool Works (NYSE:ITW) is set to release its latest quarterly earnings report on August 1, 2023. Analysts estimate an earnings per share (EPS) of $2.39. The company's stock performance has been generally positive over the last 52-week period, with shares up 27.53%. However, the company's share price dropped by 0.93% the day after it beat EPS estimates last quarter.
July 31, 2023 | 3:03 pm
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Illinois Tool Works is expected to announce its Q2 earnings on August 1, 2023. The company's stock performance has been generally positive, but it experienced a slight drop after beating EPS estimates last quarter.
The company's stock performance has been generally positive, which is a good sign for investors. However, the fact that the company's share price dropped after beating EPS estimates last quarter could indicate that investors are more interested in the company's future guidance than its past performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100