Exploring Analyst Estimates for Illinois Tool Works (ITW) Q2 Earnings, Beyond Revenue and EPS

Core Viewpoint - Illinois Tool Works (ITW) is expected to report quarterly earnings of $2.56 per share, a 0.8% increase year-over-year, with revenues forecasted at $4.01 billion, reflecting a 0.4% decrease from the previous year [1] Earnings Projections - The consensus EPS estimate has been revised 0.6% higher in the last 30 days, indicating a collective reevaluation by analysts [2] - Changes in earnings projections are crucial for predicting investor reactions, as empirical studies show a strong correlation between earnings estimate trends and short-term stock price movements [3] Revenue Estimates - Analysts estimate 'Operating Revenues- Test & Measurement and Electronics' at $672.53 million, a decrease of 0.8% year-over-year [5] - 'Operating Revenues- Construction Products' is projected to reach $492.87 million, down 2.2% from the prior year [5] - 'Operating Revenues- Food Equipment' is expected to be $666.24 million, reflecting a slight decrease of 0.1% [6] - 'Operating Revenues- Specialty Products' is estimated at $445.56 million, indicating a 0.8% decline [6] - 'Operating Revenues- Automotive OEM' is forecasted at $790.60 million, a decrease of 3% [6] - 'Operating Revenues- Welding' is projected to be $467.18 million, showing a year-over-year increase of 0.3% [7] - 'Operating Revenues- Polymers & Fluids' is expected to reach $447.66 million, down 1.4% from the previous year [7] Operating Income Estimates - 'Operating Income- Automotive OEM' is expected to be $157.86 million, slightly up from $157.00 million in the same quarter last year [8] - 'Operating Income- Food Equipment' is projected at $182.17 million, compared to $180.00 million a year ago [8] - 'Operating Income- Test & Measurement and Electronics' is estimated at $163.47 million, up from $159.00 million year-over-year [9] - 'Operating Income- Specialty Products' is forecasted at $141.02 million, down from $144.00 million in the previous year [9] Stock Performance - Over the past month, ITW shares have returned +6.1%, outperforming the Zacks S&P 500 composite's +4.6% change [9]