Core Viewpoint - Analysts expect Illinois Tool Works (ITW) to report quarterly earnings of $2.34 per share, reflecting a year-over-year decline of 4.1%, with revenues projected at $3.84 billion, down 3.3% from the previous year [1]. Earnings Projections - The consensus EPS estimate has been revised 0.2% higher over the last 30 days, indicating a collective reevaluation by analysts [1][2]. - Revisions to earnings projections are critical for predicting investor behavior and stock performance [2]. Revenue Estimates by Segment - 'Operating Revenues- Test & Measurement and Electronics' is estimated at $672.59 million, a decrease of 3.4% year-over-year [4]. - 'Operating Revenues- Construction Products' is projected at $452.05 million, indicating a decline of 7.4% from the prior year [4]. - 'Operating Revenues- Food Equipment' is expected to be $618.05 million, down 2.1% year-over-year [4]. - 'Operating Revenues- Specialty Products' is forecasted to reach $422.93 million, reflecting a 3.9% decrease [5]. - 'Operating Revenues- Automotive OEM' is anticipated at $782.57 million, showing a decline of 4.1% [5]. - 'Operating Revenues- Welding' is expected to be $460.45 million, down 3.3% year-over-year [5]. - 'Operating Revenues- Polymers & Fluids' is projected at $423.16 million, indicating a 2.1% decrease [6]. Operating Income Estimates - 'Operating Income- Automotive OEM' is expected to be $151.73 million, down from $162 million in the previous year [7]. - 'Operating Income- Food Equipment' is projected at $160.61 million, compared to $164 million last year [8]. - 'Operating Income- Test & Measurement and Electronics' is estimated at $158.07 million, down from $163 million in the same quarter last year [8]. Stock Performance - Shares of Illinois Tool Works have shown a return of -3.9% over the past month, compared to a -4.8% change in the Zacks S&P 500 composite [8].
Gear Up for Illinois Tool Works (ITW) Q1 Earnings: Wall Street Estimates for Key Metrics