Illinois Tool Works Earnings Preview
Portfolio Pulse from Benzinga Insights
Illinois Tool Works (NYSE:ITW) is set to release its latest quarterly earnings report on Tuesday, 2023-10-24. Analysts estimate an earnings per share (EPS) of $2.46. The company's past performance shows a pattern of beating EPS estimates but experiencing a slight drop in share price the following day. The stock is currently trading at $223.56 and has seen a 9.2% increase over the last 52-week period.
October 23, 2023 | 5:01 pm
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Illinois Tool Works is expected to report an EPS of $2.46 in its upcoming earnings. The company has a history of beating EPS estimates but experiencing a slight drop in share price the following day. The stock has seen a 9.2% increase over the last 52-week period.
The company's past performance of beating EPS estimates but experiencing a slight drop in share price the following day suggests a neutral short-term impact. However, the stock's 9.2% increase over the last 52-week period indicates a positive long-term trend.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100