Illinois Tool Works (ITW) Up 2.7% Since Last Earnings Report: Can It Continue?

Core Viewpoint - Illinois Tool Works (ITW) shares have increased by approximately 2.7% over the past month, underperforming the S&P 500 index [1] Earnings Report Summary - The most recent earnings report indicates that estimates for Illinois Tool Works have trended downward over the past month [2] - The stock has a Growth Score of B but a Momentum Score of D, and a Value Score of D, placing it in the bottom 40% for the value investment strategy [3] - The aggregate VGM Score for Illinois Tool Works is D, suggesting a lack of focus on any single investment strategy [3] Outlook - The downward trend in estimates suggests a negative outlook for the stock, with a Zacks Rank of 3 (Hold), indicating an expectation of in-line returns in the coming months [4] Industry Performance - Illinois Tool Works is part of the Zacks Manufacturing - General Industrial industry, where another player, Crane (CR), has seen a 6.3% increase in shares over the past month [5] - Crane reported revenues of $557.6 million for the last quarter, reflecting a year-over-year decline of 1.4%, with EPS of $1.39 compared to $1.22 a year ago [5] - Crane's expected earnings for the current quarter are $1.33 per share, indicating a year-over-year increase of 2.3%, although the Zacks Consensus Estimate has decreased by 0.6% over the last 30 days [6]