Illinois Tool Works (NYSE:ITW) reported its Q4 earnings results on Thursday, February 3, 2022 at 08:00 AM.
Here's what investors need to know about the announcement.
Earnings
Illinois Tool Works beat estimated earnings by 1.58%, reporting an EPS of $1.93 versus an estimate of $1.9, which did not surprise analysts.
Revenue was up $204.00 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.05, which was followed by a 0.59% increase in the share price the next day.
Here's a look at Illinois Tool Works's past performance:
| Quarter | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 |
|---|---|---|---|---|
| EPS Estimate | 2.01 | 2.05 | 1.90 | 1.79 |
| EPS Actual | 1.96 | 2.10 | 2.11 | 2.02 |
| Revenue Estimate | 3.56B | 3.54B | 3.44B | 3.33B |
| Revenue Actual | 3.56B | 3.68B | 3.54B | 3.48B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Illinois Tool Works management provided guidance for their next quarter, expecting earnings between $8.9 and $9.3 per share for the next quarter.
This represents a 371.5% in quarter-over-quarter growth for Illinois Tool Works, a bullish signal to many investors.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
