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Illinois Tool Works (NYSE: ITW) unveils its next round of earnings this Friday, July 31. Get prepared with Benzinga's ultimate preview for Illinois Tool Works's Q2 earnings.
Earnings and Revenue
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Wall Street analysts see Illinois Tool Works reporting earnings of $0.70 per share on revenue of $2.33 billion. In the same quarter last year, Illinois Tool Works reported EPS of $2.00 on revenue of $3.61 billion. If the company were to report inline earnings when it publishes results Friday, quarterly profit would be down 65.0%. Sales would be down 29.18% on a year-over-year basis. Here's how the company's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q1 2020 | Q4 2020 | Q3 2019 | Q2 2019 |
|---|---|---|---|---|
| EPS Estimate | 1.71 | 1.85 | 1.94 | 1.97 |
| EPS Actual | 1.77 | 1.88 | 2.04 | 2 |
| Revenue Estimate | 3.29 B | 3.46 B | 3.54 B | 3.73 B |
| Revenue Actual | 3.23 B | 3.47 B | 3.48 B | 3.61 B |
Stock Performance
Over the last 52-week period, shares are up 22.21%. Given that these returns are generally positive, long-term shareholders can relax going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.
Don't be surprised to see the stock move on comments made during its conference call. Illinois Tool Works is scheduled to hold the call at 11:00:00 ET and can be accessed here: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Fwww.google.com%2Furl%3Fq%3Dhttps%253A%252F%252Fevent.on24.com%252Fwcc%252Fr%252F2395563%252FE110C2D9A650E98DC0D507D08D018B16%26sa%3DD%26ust%3D1594736039520000%26usg%3DAOvVaw0GPQ5ZOsg2wTDOYImUm9XD&eventid=2395563&sessionid=1&key=E110C2D9A650E98DC0D507D08D018B16®Tag=&sourcepage=register
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.