Earnings Preview: Illinois Tool Works

Jan.30.12 | About: Illinois Tool (ITW)

Illinois Tool Works (NYSE:ITW) is expected to report Q4 earnings on Tuesday, January 31 before the market open with a conference call scheduled for 10:00 am ET.

Guidance

Analysts are looking for EPS of 88c on revenue of $4.36B. The consensus range is 84c-90c for EPS, and $4.28B-$4.44B for revenue, according to First Call. The company reported positive results in Q3, beating EPS and revenue estimates. On its Q3 earnings report, management forecast Q4 adjusted EPS 86c-94c vs. consensus 91c, and expected Q4 revenue growth of 9.5%-12%. It noted that its global end-markets were all in "reasonable shape." In the subsequent weeks, the stock traded modestly higher and has continued its advance since then. Since the start of the year, the shares are up approximately 13%, but are virtually flat on a year-over-year basis. Over the past three months, sentiment on the Street has been mixed, with several upgrades and downgrades.