Illinois Tool Works (NYSE:ITW) is expected to report Q3 earnings on Tuesday, October 25 before the market open with a conference call scheduled for 10:00 am ET.
Analysts are looking for EPS of 98c on revenue of $4.56B. The consensus range is 93c-$1.00 for EPS, and $4.39B-$4.63B for revenue, according to First Call. The company reported weaker-than-expected results in Q2, missing EPS and revenue estimates. On its Q2 earnings report, management forecast Q3 EPS below, but FY11 EPS above analysts’ estimates. In the subsequent weeks, the stock traded modestly lower and touched a fresh 52-week low of $39.12 earlier this month. Since then, the shares have rebounded approximately 20%. On a year-over-year basis, the stock is virtually flat. Over the past three months, sentiment on the street has been mixed, with several upgrades and downgrades.