Illinois Tool Works 2Q Earnings Pregame Scorecard

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Having topped analysts' estimates last quarter by 2 cents per share, Illinois Tool Works (NYSE:ITW) is expected to deliver its latest earnings on Tuesday, July 24, 2012.

Expectations

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Analysts currently expect Illinois Tool Works to come in with earnings of $1.10 per share on revenues of $4.87 billion. Analysts gave estimates ranging from $1.05 per share to $1.15 per share. Over the past three months, the average estimate has moved up from $1.08.

Stock Movement

The stock fell $2.39 per share between June 29, 2012 and July 17, 2012.

Company Fundamental Trends

Stock Ratings

Analysts are bullish on the stock as eight analysts rate it as a buy and only one analyst rate it as a sell. That rating hasn't budged in three months as the average analyst rating of the stock has remained steady.

Last Quarter's Results

In the first quarter, profit fell 22% to $486 million ($1 a share) from $623.1 million ($1.24 a share) the year earlier, but exceeded analyst expectations. Revenue rose 3.6% to $4.55 billion from $4.39 billion.

Summary

Reporting Period: 2Q

Date of Release: Tuesday, July 24, 2012

EPS: $1.10

Revenue Estimate: $4.87 billion

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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