ITW(US:ITW) ZACKSยท2024-10-25 14:20Core Insights - Illinois Tool Works (ITW) is expected to report quarterly earnings of $2.52 per share, a decline of 1.2% year-over-year, with revenues forecasted at $4.02 billion, reflecting a decrease of 0.3% compared to the same period last year [1] - The consensus EPS estimate has been revised down by 1.3% in the past 30 days, indicating a reassessment by analysts [1] Revenue Estimates - Analysts estimate 'Operating Revenues- Test & Measurement and Electronics' at $697.72 million, unchanged year-over-year [2] - 'Operating Revenues- Construction Products' is forecasted to be $517.96 million, a decrease of 0.8% year-over-year [2] - 'Operating Revenues- Food Equipment' is expected to reach $698.97 million, an increase of 3.1% from the previous year [2] - 'Operating Revenues- Specialty Products' is projected at $419.73 million, reflecting a growth of 1.4% year-over-year [3] - 'Operating Revenues- Automotive OEM' is estimated at $794.52 million, a decline of 0.6% from the year-ago quarter [3] - 'Operating Revenues- Welding' is expected to be $461.71 million, down 1.3% year-over-year [3] - 'Operating Revenues- Polymers & Fluids' is projected to reach $462.52 million, indicating a year-over-year increase of 1% [3] Organic Growth Estimates - 'Operating Revenue - Food Equipment - Organic growth' is expected to be 3.3%, down from 6.3% in the previous year [4] - 'Operating Revenue - Polymers & Fluids - Organic growth' is forecasted at 1.6%, compared to 3.4% last year [4] - 'Operating Income- Automotive OEM' is projected at $151.41 million, slightly up from $151 million year-over-year [4] - 'Operating Income- Food Equipment' is expected to reach $192.12 million, compared to $185 million in the same quarter last year [4] Stock Performance - Shares of Illinois Tool Works have decreased by 2.5% over the past month, contrasting with a 1.4% increase in the Zacks S&P 500 composite [4] - ITW holds a Zacks Rank 3 (Hold), indicating it is expected to perform in line with the overall market [5]